Search results “Key skills for purchase manager”
Resume Procurement Specialist. Purchasing Manager. Import Buyer.
Hire outsourcing specialist with more than 10 years of purchasing experience in wholesale trade. Perfect cost reduction activities. 100% Result. Payment after work is done. 24h contact WhatSapp +79251431004 http://www.buying-tutorials.ru/?p=387
Views: 1968 Miss Katrina
Procurement Training, Purchasing Training, Supply Chain Management Training - Click to Watch Now!
http://www.CenterForPSCMExcellence.org - You will get FREE world-class procurement training, purchasing training and supply chain management training in this video. Omid has 18 years experience with Intel Corp, where he rose to the position of leading their entire global corporate purchasing operations organization. His experience and strength in negotiations earned him the corporate designation of "Godfather of Negotiation Planning" for the entire $2.2B global purchasing organization, thus also nicknamed, The 2 Billion Dollar Man. He has broad and rich experience in complex, high dollar value, and high stakes negotiations, total cost analysis, supply chain management, purchasing contract law, purchasing operations, purchasing policies and procedures, complex sourcing strategies, controls and risk management, selection and deployment of purchasing systems/tools, purchasing integration of mergers and acquisitions, international purchasing strategies, negotiating with different cultures, supplier performance management, procurement training, and purchasing strategy mapping and execution. YOU WILL LEARN: 1. Taking costs out of supply chain  Why asking suppliers to reduce price is an antiquated strategy  Why focusing on supplier profit reduction only attacks a very small part of TCO  How to make your suppliers excited about reducing TCO instead fighting against you  How to change your RFX (RFP, RFQ) strategy and approach forever to get far more innovative and deep cost savings responses from suppliers 2. Writing contracts to prevent & remedy TCO excursions  Why relying on the legal department to "own" the contract terms is the biggest disservice to your results and to your career  How empowering yourself with contract knowledge can liberate you from being dependent on the legal department  Why relying on the standard contract template terms can get you in lots of hot water and how to stay out of it  How to shift the focus from the contract being a safety net for when things go wrong to having it be a strategic tool to make sure things go right 3. Cost Modeling & Benchmarking for success  What the different sorts of cost models are (Should Cost, Must Cost, Total Cost)  When to use each type of cost model and when to use benchmarking  Why using the wrong type of tool will get you poor results and result in lots of wasted time 4. Using concessions to achieve Win-Win Why the traditional notion of Win-Win is completely wrong and needs to be thrown out the window  What the Art and Science of negotiations really is: Meeting ALL of your high value/high TCO objectives while knowing how to make the supplier feel good about the deal  Why listening is the most important negotiation skill and how to use it to achieve Win-Win  How to use a concessions worksheet model to ensure that you know exactly what the supplier wants, and how to deliver them some "wins" that are high value but have minimal impact to your TCO Omid goes even deeper into each of these topics in training through his website, seminars, webinars and courses. We invite you to join our community and experience a paradigm shift in purchasing that will make your career and life much less stressful and much more enjoyable. Work with Omid to rearchitect how you do procurement to CATAPULT your purchasing results, career and income potential, GUARANTEED! World class procurement training and supply chain management training can be found at: http://www.CenterForPSCMExcellence.org
Views: 441576 PurchasingAdvantage
Key steps of the Purchasing Process
Short video looking at the key steps of the purchasing process - for more Supply chain news and info check us out at http://www.supplychain-mechanic.com or follow us on Twitter at http://www.twitter.com/supplychainmech
Views: 190781 supplychainmechanic
Purchasing Managers Job Description
Purchasing Managers Job Description
Views: 29255 GadBaller
B2B Purchasing Negotiation Five Strategies to Reduce Vendor Prices
The following video outlines five purchasing and procurement strategies all geared towards lowering vendor prices and or reducing supply chain and inventory management costs. These strategies are put forth from someone who has worked in sales and marketing for 20 years and wanted to combine the best strategies employed by the best purchasing negotiation teams. In essence, these strategies come from those purchasing and procurement agents I have negotiated with. They include the most successful strategies employed against me. The first includes not tipping your hand and or broadcasting your needs too soon in the negotiation process with a salesperson. Instead, nail down your price and then use your requests, needs and or concession to reduce pricing. For instance, agree upon a final price and then ask for a discount or reduced price for 1) prepaying total or a portion of your purchase, 2) prompt payment incentives like net-10 day terms 1 to 2 percent discount or 3) increasing volumes or committing to long-term supply contracts or orders. The second tip includes avoiding using veiled threats - which are simply threats you have no intention of following through on. When you threaten vendors too much without ever following through on a threat, then you are simply training them not to take your threats seriously. Third, match a high-value concession for a high-value concession. In this case, come up with a list of requests and or "must-haves" as outcomes from the price negotiation. When the salesperson makes a request, make sure you counter with one of your own of equal value. Fourth, when it comes to getting price reductions from a salesperson, you have to sometimes appeal to their better nature. In this case, add a little personal touch to your negotiations. Ask for a price reduction by outlining the pressures and demands that are placed upon you as a purchasing agent. In this case, you have to attain a certain inventory cost structure so ask your salesperson to help you attain that. Finally, keep your vendor honest by constantly going out for competitive bids. Even the best of vendors can become complacent. However, if they know you know as much about pricing in the market as they do, then those vendors will be less likely to take advantage of you.
Views: 113947 Ian Johnson
Procurement roles and duties
What is procurement responsible for and what are roles within procurement - quick overview.
Views: 25810 Rafal Kabzinski
Purchasing Managers Responsibilities & Roles - Purchasing and Procurement
http://www.purchasing-procurement-center.com Discover the top 2 Procurement & Purchasing Managers Responsibilities & Roles. How To Be Strategic & how to decide the best aspect of the deal with suppliers
Views: 10730 PPC KAVAQ
Procurement Training for your Purchasing Career - CPSM
https://CPSMTraining.com/CheatSheets-Download-Page/ Watch this webinar to learn more about procurement training for your purchasing career in supply chain management. You will learn how the Certified Professional in Supply Management (CPSM) Certification is the most prestigious and globally recognized certification for procurement professionals. Yyou can learn more, ask questions and begin your journey to achieve CPSM Certification. Here’s just a taste of what you’ll learn on this special online training: - 7 benefits of procurement training - 3 purchasing strategies to improve your career, right now! - Why procurement certification means more pay - Special offer that is only available when you watch this webinar. After a short presentation, the webinar will be open to anyone to ask any questions about the training. So, watch this webinar, so you can make the best decision for your career.
Views: 1581 cpsmtraining
Purchasing Manager Job Interview Questions
Interview Questions for Purchasing Manager Job.What are you doing if you worked as an Purchasing Manager Job?What strategic plan did you have as an Purchasing Manager Job?Do you prefer to work independently or on a team?Why do you think you are eligible for the position of Purchasing Manager Job?Give me an example of a high-pressure situation?
Views: 1218 Interview Questions
Become a Purchasing Manager
There are several major types of purchasing managers, buyers, and purchasing agents. Wholesale and retail buyers purchase goods, such as clothing or electronics, for resale. Purchasing professionals employed by government agencies or manufacturing firms usually are called purchasing directors, managers, or agents; sometimes they are known as contract specialists. Purchasing professionals in government place solicitations for services and accept bids and offers through the Internet. Some purchasing managers, called contract or supply managers, specialize in negotiating and supervising supply contracts.
Views: 10214 Edu411
Purchasing Manager Interview Questions And Answers
Interview Questions for Purchasing Manager Interview Q.What strategic plan did you have as an Purchasing Manager Interview Q?What was the most complex assignment you have had?What would be your leading endowment as an Purchasing Manager Interview Q job?Give me an example of a stressful condition for Purchasing Manager Interview Q?Do you believe you are over certified for the position this Purchasing Manager Interview Q?
Views: 5806 alpha code
Procurement: Job Profile
SDS Procurement Intern Emma Drysdale interviews Nikki Bell, Head of Scottish Procurement Policy & Strategy for the Scottish Government about where a career in procurement can take you.
Views: 27598 My World of Work
CV Global Supply chain & Procurement manager
Why I am so passionate about Procurement: Because it's all about change and relationships building which are the things I am more exciting about in my daily life.
Views: 1350 abdoulaye Lassi
Purchasing manager
A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. The position responsibilities may be the same as that of a buyer or purchasing agent, or may include wider supervisory or managerial responsibilities. A Purchasing Manager may oversee the acquisition of materials needed for production, general supplies for offices and facilities, equipment, or construction contracts. A Purchasing Manager often supervises purchasing agents and buyers, but in small companies the Purchasing Manager may also be the purchasing agent or buyer. The Purchasing Manager position may also carry the title "Procurement Manager" or in the public sector, "Procurement Officer". He or she can come from both an Engineering or Economics background. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 1447 Audiopedia
Procurement Training - Purchasing Training
http://www.PurchasingAdvantage.com - Procurement training. Work with Omid to rearchitect how you do procurement to CATAPULT your purchasing results, career and income potential, GUARANTEED! Omid has 18 years experience with Intel Corp, where he rose to the position of leading their entire global corporate purchasing operations organization. His experience and strength in negotiations earned him the corporate designation of "Godfather of Negotiation Planning" for the entire $2.2B global purchasing organization. He has broad and rich experience in complex, high dollar value, and high stakes negotiations, total cost analysis, supply chain management, purchasing contract law, purchasing operations, purchasing policies and procedures, complex sourcing strategies, controls and risk management, selection and deployment of purchasing systems/tools, purchasing integration of mergers and acquisitions, international purchasing strategies, negotiating with different cultures, supplier performance management, and purchasing strategy mapping and execution. We invite you to join our community and experience a paradigm shift in purchasing that will make your career and life much less stressful and much more enjoyable. World class procurement training can be found at:http://www.PurchasingAdvantage.com
Views: 61837 PurchasingAdvantage
Purchasing Officer Interview Questions And Answers
Interview Questions for Purchasing Officer.What steps do you follow to study a problem before making a decision?What is most significant to you in an Executive Purchasing Officer position?Why do you think you are eligible for the position of Purchasing Officer?Do you believe you are over certified for the position this Purchasing Officer?How do you decide what gets top priority when scheduling your time?
Views: 14859 alpha code
Procurement and Inventory Manager (Purchase Manager)-Trading Division.
A very renowned Dental Laboratory & Distributor of Dental Implant Systems and Implant Dentistry, is looking for: Post: Procurement and Inventory Manager (Purchase Manager)-Trading Division. Location: Aundh, Pune. Education: Graduates in Business, Science and Engineering preferred. Experience: Minimum 5 Years in Procurement and Inventory Management. Communication Skills: Fluency in English and Hindi. Skills: Working knowledge of computers required. Tally ERP 9, MS – Office, Email etc. Excellent interpersonal and communication skills. Must be able to work independently, but also be a good team player. You may need to travel from time to time. Job Description: • Responsible for purchase and import of various products from the company’s principals. • Procurement planning as per forecasted sales. • Preparation of purchase orders as per requirement and stock in hand. • Co-ordinate with Customs handling agent for timely clearance. • Co-ordination with principals for continuous improvement in quality and delivery performance. • Prepare and submit all requirements as per Drug Licence office. • Implement changes and develop new processes for continuous improvement in efficiency. • Any other tasks assigned by Manager-Accounts and Finance. Responsibilities: Materials Management: Accountable for meeting customer orders by designing, implementing / monitoring effective procurement schedules. Logistics: Managing the logistic functions, negotiations with shippers, transporters for cost effective transport solutions and clearances. Actively involved in monitoring / scheduling of consignments ensuring timely deliveries. Handling transporters ensuring on time delivery and monitoring transit norms. Stores Management: Overseeing store management and maintaining optimised inventory levels. Maintaining the stock of material without any variance by conducting stock verification and documentation. Ensuring quality packaging to prevent goods from getting damaged in transit. Company’s Profile: Started in 1994, a very Renowned Company specializes in innovative dental technology has ultramodern facility spread in over 800 square meters in Pune, has more than 120 employees. In 2001, a state-of-the-art full service laboratory was set up in downtown Bangalore. In 2007, a new laboratory has been set up in New Delhi catering to the high demand needs of practicing dentists in and around Delhi. Company has been able to meet the wide range of demands from the small practice to the large clinic from the 4 laboratories. Company caters to dentists and prosthodontists throughout India, and some overseas. Reporting to – Manager Accounts & Finance Interested Candidates can send their Resume with Present Salary and subject “Procurement and Inventory Manager (Purchase Manager)-Trading Division” at [email protected] on immediate basis. If you know someone with the above profile, please forward this message to him/her and suggest him/her to send his/her Resume as per the above details. Thanks and regards, Mohan Singhal, Director/Chief Consultant, Centre for Right Direction, 24, Niyoshi Park - 2, Sanghvi Nagar, Aundh, Pune - 411 007 Mobile : +91-9657747639 / 8788856402 / 9822171815 Phone : +91-20-25888757 / 40059229 E-Mail : [email protected] , [email protected] Skype Id : crdtraining / mrsinghal Websites : http://www.crdindia.com https://www.linkedin.com/in/crdplacement/
Views: 508 Mohan Singhal
Negotiation Skills: 3 Simple Tips On How To Negotiate
Watch this to learn 3 of the BEST negotiation strategies and tactics. SUBSCRIBE FOR VLOGS ► http://bit.ly/WqPFyy Many people think negotiation skills are some innate talent, but it's not true. You can learn to become a better negotiator... even if you're scared to negotiate. Even if you never haggled anything in your life. Here's why: negotiation is a skill that I believe anyone can learn. And I can help you learn it. The trick? I have 3 simple tips for you. Use them to improve your negotiation skills TODAY. What can you expect in this video? Proven negotiation tips from my personal experience and backed up with facts and examples. Where will these negotiation tips work? Well... If you've ever wanted to buy a car, hire a freelancer, or get hired as a service provider, you've had to negotiate. Most people don't know what they're doing, but now you'll have the edge you need to get a better deal. The best part? You can do it without offending the seller. Why? Because you leverage practical psychology from the art of negotiation.
Views: 274153 Derek Halpern
Purchasing manager interview questions
Source: http://interviewquestionsebooks.com/103-interview-questions-and-answers/ and 95 management interview questions and answers The above interview questions and answers/tips are used for manager job interview (includes phone interview, second interview, behavioral interview...). It also be used for assistant manager, senior/junior manager, executive levels.,
Views: 31721 Fernando Torres
Purchasing Negotiation Training - Supply Chain Management Negotiation Training Part III
http://www.CenterForPSCMExcellence.org No matter what industry or geography I get contacted by, the request is always the same: “come talk to us about negotiations”. Purchasing Negotiation Training It’s a hot topic, that’s for sure. I’m just not happy with the state of the union though. There’s so much bad information out there on negotiations. There was a time when purchasing was very transactional, by design. We’re talking pre-1980’s. Customers opportunistically decided who they would do business with and the goal was to get what you wanted, as fast as possible, from whom you wanted, at the price you wanted – it was all about the win, for the person with the money that is. High stakes negotiations were viewed as warfare, and like any war, the goal was to make out on top in the conquest. If the supplier didn’t like it, they could go pound sand, because you were the one with the money, and you could call the shots. The goal was to get an unfair advantage, to get the upper hand, to use deceit and aggression, to use psychological warfare to to paint the supplier in a corner. We are now entering the era of supply chain management. It won’t just be companies competing; supply chains will be competing too. Without an effective supply chain, companies are rendered ineffective as well. Supply chain councils will be governing the effectiveness of the supply chain. The council’s scorecard success metrics that are measured and monitored will be for the good of the chain, not for the good of the individual links. Costs will be taken OUT of the supply chain instead of forcing suppliers to make less profit - so purchasing can report more savings. If an individual company in the supply chain is faltering, they don’t get dumped like yesterday’s newspaper and unceremoniously have their business put out to bid. Instead, the supply chain council will try their best to support the companies in the chain in good times and bad, investing time and resources in them to help them be successful – for the good of the chain. Only the worst of conditions will result in a supply chain link being replaced, because – just like divorce - the total cost of doing so is very high. Back to negotiations training. Given this supply chain model above, if the goal is to make the supply chain effective, it makes absolutely no sense to employ 1950’s tactics to get the upper hand or get an unfair advantage in negotiations. How does that benefit the supply chain? This sort of antiquated negotiation training, which is out there everywhere in our profession being taught, needs a one-way ticket to the nearest landfill. You know the type of boss who you would take a bullet for? It’s probably been a while, but you know exactly what I’m talking about. You really cared about them, because they cared about you. Negotiations are no different. What you want is a set of powerful negotiation strategies that invoke INTRINSIC MOTIVATION and make the other party WANT to help make you successful, and leaves them feeling great about the deal. You cannot negotiate effectively with anyone unless they know, like, and trust you. Period. And you’re not going to achieve that with 1950’s tactics and counter-tactics that involve psychological leverage. If you’re doing these things, it’s not your fault, it’s probably what you’ve been taught. But it’s time to stop. Do you know how you’ll know that “you’ve arrived” as a purchasing and supply chain management professional? You’ll know you have arrived when you can exceed your TCO objectives in a negotiation and the supplier feels great about the deal. There’s a lot of strategy that goes into making this happen, and it doesn’t happen accidentally. But that’s the outcome you want. I can put you on that track. Procurement pros, we are in the BEST profession in the world. My challenge to you, as always: Be your best! Don’t ever settle for anything less. For more procurement negotiations training, purchasing negotiations training & supply chain management training, go to: http://www.CenterForPSCMExcellence.org Now!
Views: 11913 PurchasingAdvantage
What is the purchasing ? in Hindi
Learn... About purchasing
Views: 9821 JC Right info
Purchasing Process
This is done by Whitney, Xin Ting, Brenda, Grace and Celine. -- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 50190 Whitney Lee
Purchasing Manager, Purchasing Agent, Wholesale and Retail Buyer Career Video
This career video provides day in the life information about the following jobs and occupations. JOB TITLE: Purchasing Managers OCCUPATION DESCRIPTION: Plan, direct, or coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products, and services. Includes wholesale or retail trade merchandising managers and procurement managers. RELATED JOB TITLES: Category Purchasing Manager, Commodity Manager, Materials Director, Materials Manager, Procurement Director, Procurement Manager, Procurement Officer, Purchasing Director, Purchasing Supervisor, Strategic Sourcing Director ONET: 11-3061.00 JOB TITLE: Wholesale and Retail Buyers, Except Farm Products OCCUPATION DESCRIPTION: Buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. Includes assistant wholesale and retail buyers of nonfarm products. RELATED JOB TITLES: Buyer, Category Manager, Grocery Buyer, Merchandise Manager, Procurement Specialist, Product Manager, Purchaser, Purchasing Coordinator, Retail Buyer, Trader ONET: 13-1022.00 JOB TITLE: Purchasing Agents, Except Wholesale, Retail, and Farm Products OCCUPATION DESCRIPTION: Purchase machinery, equipment, tools, parts, supplies, or services necessary for the operation of an establishment. Purchase raw or semi-finished materials for manufacturing. RELATED JOB TITLES: Buyer, Procurement Specialist, Purchasing Administrator, Purchasing Agent, Purchasing Manager ONET: 13-1023.00 Learn more about this and other occupations, jobs, and careers at: www.CareerOneStop.org
Views: 1126 CareerOneStop
Purchasing Training - Supply Chain Management Training - Procurement Training Part I
http://www.CenterForPSCMExcellence.org Purchasing & Supply Chain Management Training by Omid G.: Negotiation Strategies for TCO, Part I Omid is known as the most trusted, sought after Purchasing trainer in the world. He is famous for creating paradigm shifts in the way Purchasing is done without resorting to the old, status quo that doesn't work today and never really did. Omid Ghamami is President & Chief Consultant at http://PurchasingAdvantage.com, a purchasing seminar and training solutions provider. Since 1995, he has taught thousands of hours of courses, workshops, and seminars in 10 different countries on topics related to the entire spectrum of purchasing, supply chain management, purchasing contract law, negotiations, and supplier management. Get Omid's Purchasing Negotiation Training: "Negotiation Strategies for BREAKTHROUGH TCO" by going to the link below: http://www.purchasingadvantage.com/purchasing-negotiation-strategies-for-breakthrough-tco Throw away everything you've ever learned about negotiations. This powerful training series, developed by THE Godfather of Negotiation Planning himself, will shatter every myth you know about negotiations and make you a rock star in your procurement department. Go grab this training Now! http://www.CenterForPSCMExcellence.org
Views: 23166 PurchasingAdvantage
Working as Strategic Procurement Manager for Brammer
Paula Lavan describes her role as Strategic Procurement Manager
Views: 80 Brammer Careers
Strengths and Weaknesses Based Purchase manager interview questions
Interview Questions for Strengths and Weaknesses Based Purchase manager.What encouragement preparation would you demand being capable to do this Strengths and Weaknesses Based Purchase manager job?What is most significant to you in an Executive Strengths and Weaknesses Based Purchase manager position?What would be your leading endowment as an Strengths and Weaknesses Based Purchase manager job?In your Strengths and Weaknesses Based Purchase manager Chef job did you feel you improved agreeably?Do you believe you are over certified for the position this Strengths and Weaknesses Based Purchase manager?
Views: 321 Interview Questions
Purchasing manager interview questions and answers
Interview questions and answers ebook: http://interviewquestionsebooks.com/103-interview-questions-and-answers/ Other useful interview materials: - Free ebook 75 common interview questions and answers: http://interviewquestionsaz.blogspot.com/p/free-ebook-75-interview-questions-and.html - Top 10 interview secrets to win every job interview: http://interviewquestionsaz.blogspot.com/2013/07/top-10-secrets-to-win-every-job.html - 13 types of interview questions and how to face them: http://interviewquestionsaz.blogspot.com/p/13-types-of-interview-questions.html - Top 12 common mistakes in job interviews: http://interviewquestionsaz.blogspot.com/2013/07/top-12-common-mistakes-in-job-interviews.html - Top 3 interview thank you letter samples: http://interviewquestionsaz.blogspot.com/2013/07/top-3-interview-thank-you-letter-samples.html - Practice types of job interview such as screening interview, phone interview, second interview, situational interview, behavioral interview (competency based), technical interview, group interview...
Views: 7239 Chris Otawer
A résumé expert reveals what a perfect résumé looks like
There are plenty of ways to make a mistake when drafting a résumé. Take advice from Amanda Augustine, career-advice expert for TopResume, in order to ensure that you're representing yourself in a way that will impress recruiters. -------------------------------------------------- Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI Video On Facebook: http://on.fb.me/1bkB8qg Read more: http://www.businessinsider.com/ -------------------------------------------------- Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
Views: 1188675 Business Insider
Major Functions of the Purchasing Process
Please like our Facebook page at https://www.facebook.com/rutgersweb To watch the entire video, go to https://www.youtube.com/watch?v=LRdalZHAto0 Course Summary: Introduction to the principles and concepts of the audit as an attestation service offered by the accounting profession. Primary emphasis is placed on Generally Accepted Auditing Standards, the role of the CPA/auditor in evidence collection, analytical review procedures and reporting, the CPA/auditor's ethical and legal responsibilities, the role of the Securities and Exchange Commission as well as other constituencies. Audit testing, including statistical sampling, internal control issues, and audit programs are discussed. -- Description: The acquisition & expenditure cycle involves processing purchase orders, receiving goods and services, recognizing the liability, and processing and recording cash disbursements. Inherent risks involve unrecorded liabilities (errors resulting from ineffective controls related to recording receipts of goods or services, fraudulent financial reporting resulting from recognizing expenses and liabilities in the proper period), noncancellable purchase agreements (necessary to recognize losses due to permanent declines in market value) and capitalizing expenses. Documents and records involved in the acquisition & expenditures cycle include purchase requisitions, purchase orders, receiving reports, vendor's invoice, checks, accounts payable master file, and CD master file. Audit evidence in management reports and data files include open purchase orders, unmatched receiving reports, unmatched vendor invoices, accounts (voucher) payable trial balances, purchase journals, and fixed asset reports. The functions of the purchasing process includes requisitioning (initiation and approval of requests for goods and services by authorized individuals consistent with management criteria), purchasing (approval of purchase orders and proper execution as to price, quantity, quality, and vendor), receiving (receipt of properly authorized goods and services), invoice processing (processing of vendor invoices for goods and services received; also processing of adjustments for allowances, discounts, and returns), disbursements (processing of payment to vendors), accounts payable (recording of all vendor invoices, cash disbursements, and adjustments in individual vendor accounts), general ledger (proper accumulation, classification, and summarization of purchases, cash disbursements, and payables in the general ledger). The internal controls audit approach involves understanding internal controls (study the client's flowcharts, review internal control questionnaires, perform walk-through tests), assess planned control risk (authorization of purchases, segregation of duties, timely recording and independent review of transactions, authorization of payments), and determining the extent of testing of internal controls (identify the key internal controls and weaknesses and assesses control risk, perform tests of controls to obtain evidence that controls are operating effectively. Segregation of duties: The purchasing function should be segregated from the requisitioning and receiving functions (if one individual is responsible for the requisition, purchasing, and receiving functions, fictitious purchases can be made. This can result in the theft of goods and possibly payment for unauthorized purchases. The invoice-processing function should be segregated from the accounts payable function (if one individual is responsible for the invoice-processing and accounts payable function, purchase transactions can be processed at the wrong price of terms or a cash disbursement can be processed for goods not received; this can result in overpayment of goods or the theft of cash), the disbursement function should be segregated from the accounts payable function (if one individual is responsible for the disbursement function and also has access to the accounts payable records, unauthorized checks supported by fictitious documents can be issued and unauthorized transactions can be recorded; this can result in theft of the entity's cash), and the accounts payable function should be segregated from the general ledger function (if one individual is responsible for the accounts payable records and also for the general ledger that individual can conceal any defalcation that would normally be detected by reconciling subsidiary records with the general ledger control account. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
Purchasing Manager
STACY FENCHAK with Management Recruiters of Indianapolis-North has a job opening for a Purchasing Manager. 317-582-0202 Ext 1227 [email protected] www.mrindianapolis.com "It's an adventure being a Manufacturing Recruiter with Management Recruiters Indianapolis-North! I get to help manufacturing clients fill various types of manufacturing jobs and in turn I help manufacturing candidates find rewarding positions."
Views: 278 Stacy Wood
Difference between Procurement and Purchase in Urdu | Hindi | اُردو |
Difference between Procurement and Purchase in Urdu | Hindi | اُردو | Procurement Profession Course (Video No. 2) Procurement Training, Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process. The process is used to ensure the buyer receives goods, services or works at the best possible price, when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risk, such as exposure to fraud and collusion. ....YOU CAN FOLLOW ME.... Support, Subscribe, Like, Share! Facebook: https://goo.gl/tBNqmM Google Plus: https://goo.gl/V1bcZH Instagram: https://goo.gl/zrhvtv Blog: https://goo.gl/3AW3K8 Tumblr: https://goo.gl/me7ZNn Subscribe: https://goo.gl/T2qGQc
Views: 15621 Procurement Profession
Purchasing Manager Interview Questions
Interview Questions for Purchasing Manager.What makes your comforts about an Purchasing Manager position?What steps do you follow to study a problem before making a decision?What would be your leading endowment as an Purchasing Manager job?Do you believe you are over certified for the position this Purchasing Manager?How well did your college experience prepare you for this job?
Views: 336 Interview Questions
Interview with Purchasing Manager
UNC Student Stores for MEJO470
Views: 158 Alexander Lam
Purchasing Managers Index PMI Definition   Investopedia
Video ini menerangkan kepada anda tentang maksud PMI. Sila luangkan masa anda untuk mengunjungi blog saya melalui link ini http://borneanforextrader.blogspot.com
Views: 2920 Forex Trader
Job Profile of a Procurement Professional
Employees in Marathon Oil's Supply Chain organization work with internal business clients to find and negotiate the resources they need to make their jobs easier. Learn more at http://www.marathonoil.com/Careers/
Views: 7871 MarathonOilCorp
Top 10 Procurement Interview Questions.
Here are the Top 10 Procurement Interview Questions you need to know before going for any procurement interview. These procurement officer interview questions are very detailed and comprehensive and needs to practice for adequate comprehension. Most procurement questions and answers needs detailed explanation hence you should be prepared to cite several examples to buttress home your various points.
Views: 14127 WORLD TOP 10
SNN6: New Procurement Manager
An interview with Mark Thiele, new Sarasota County purchasing department manager.
Purchasing Manager
The purchasing manager's impact on the environment.
Views: 217 Christina Bock
Video CV, Bouwe van der Meer, Interim Procurement Manager, October 2014
Restructuring Manager with work experience in the following countries: United Kingdom, United States, Sweden, Denmark, Germany, Poland, Switzerland, Austria, Belgium, Netherlands, France and Spain. Inteirm Manager with experience as: Project Manager, Buyer, Project IT Manager, Supply Chain Manager, Commercial Director, Restructuring Manager and Business Development Manager. Industries and Branches: (heavy) transport, logistics, warehousing, food, serie and mass production, concrete, health care, merchandising, licensing, automotive and FMCG. For info: http://www.interim-xl.com
Views: 80 Bouwe van der Meer
Marketingunity Procurement Manager
Marketingunity's Procurement Manager is an easy-to-use but powerful Web-based system that minimises procurement administration and costs.
Views: 207 Marketingunity
Purchase Executive Interview Questions
Interview Questions for Purchase Executive.How prolonged do you plan to stay at company if offered the Purchase Executive position?What is most significant to you in an Executive Purchase Executive position?Do you prefer to work independently or on a team?What extreme challenges presently do you think an Purchase Executive is facing?What achievements have you gained working as an expertise Purchase Executive?
Purchase manager interview questions
Source: http://interviewquestionsebooks.com/103-interview-questions-and-answers/ and 95 management interview questions and answers The above interview questions and answers/tips are used for manager job interview (includes phone interview, second interview, behavioral interview...). It also be used for assistant manager, senior/junior manager, executive levels.,
Views: 2019 sumi trance
An interview with John Paterson, IBM's Chief Procurement Officer: the evolving role of Procurement
In this interview with John Paterson, IBM's Chief Procurement Officer, John looks at how procurement has changed over the last decade, and how he see's procurement evolving over the next few years and what skills and tools will be required to meet new challenges. John also shares his own experiences at IBM as CPO, what lessons he has learnt and how his department has evolved to ensure it continuously delivers value to the rest of the business. Find out more at ibm.con/procurement-solutions/uk or follow us on Twitter @IBMProcurement
Views: 16675 IBM UK & Ireland
Beyond a job description - Procurement - Paul
Procurement manager Paul Robinson on his role and how his work / life balance at BP is helping to fulfill his dream of representing Team GB in the Triathlon
Views: 2478 BP
Purchase Management in ERP Software (Hindi)
Purchase management takes care of all the procedures that are part of procurement of products/items or raw materials which are requisite for an organization.
Purchasing Agent, Career Video from drkit.org
All Career Videos - http://www.drkit.org/careervideos In this interview, a Senior Purchasing Agent in a school system discusses her typical day at work, the qualifications needed for the job, the best and worst parts of the job, and advice that can be used by students considering this line of work.
Views: 13657 DrKitVideos
Are you a Procurement Manager? Listen up...
Click here to find out more about these opportunities: http://procurementheads.com/procurement-jobs/ or call Martin on 01962 869838.
Views: 97 ProcurementHeads

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