Purchase/Inventory Management
 
Principles and Standards of Purchasing Practice with Accompanying Guidelines
December 28, 2021
These principles are derived the ISM (Institute for Supply Chain Management) standards of global supply management conduct, (purchasing). IRPT contracts services for administration ¨C which includes purchasing goods and services. Hence, throughout this Statement of Principals, ¡°contractor¡± refers to the administrative services contract; ¡°purchasing agent¡± also refers to the administrative services contract in another context. 1. Avoid the intent and appearance of unethical or compromising practic...
 
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Creating a Self-funding Purchasing Department: A European Example
December 28, 2021
¡ª by Lisa Ellram and George ZsidisinBackgroundCost containment and cost management continue to be top priorities for senior-level management. In some organizations, the value of the purchasing department has even come to be questioned.As this questioning occurs, purchasing may find itself outsourced, downsized, or spun off into a separate operating company to sell its services back to the organization. Several major companies in the Netherlands have found a way around the continual questioning o...
 
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Not all the content at the links above were created by RIBO Auto Parts Co. Ltd.. Any opinions expressed are personal opinions of the authors. The content is provided for informational and entertainment purposes only and do not constitute an endorsement by RIBO, which makes no express or implied warranty or guarantee about the accuracy, copyright compliance, legality, or any other aspect of the content.
 
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