User:Jukeboksi/BBA studies/Logistics and SCM: Difference between revisions
→Purchasing and logistics: + w:requisition + w:purchase requisition and w:purchase order request
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* '''[[w:Purchasing|Purchasing]]''' refers to a business or organization attempting to acquiring goods or services to accomplish the goals of its enterprise. ( Wikipedia ) | * '''[[w:Purchasing|Purchasing]]''' refers to a business or organization attempting to acquiring goods or services to accomplish the goals of its enterprise. ( Wikipedia ) | ||
:* A '''[[w:requisition|requisition]]''' is a [[w:request|request]] for something, especially a formal written request on a pre-printed form. ( Wikipedia ) | |||
::* '''[[w:Purchase requisition|Purchase requisition]]''' Purchase Request is a precise document generated by an internal or external organization to notify the purchasing department of items it needs to order, their quantity, and the time frame that will be given in the future. ( Wikipedia ) | |||
::A '''[[w:purchase order request|purchase order request]]''' or '''purchase requisition''' is a request sent internally within a company to obtain purchased goods and services, including [[w:Inventory|stock]]. ( Wikipedia ) | |||
'''Supply management ~ [[w:purchasing|purchasing]]''' Involvement starts before a product is designed | '''Supply management ~ [[w:purchasing|purchasing]]''' Involvement starts before a product is designed | ||
:: > '''[[w:Procurement|Procurement]]''' Involvement begins before a [[w:requisition|requisition]] is received | :: > '''[[w:Procurement|Procurement]]''' Involvement begins ''before a [[w:requisition|requisition]]'' is received | ||
:::: > '''Buying''' Involvement begins after a requisition is received ( Soile Kallinen ) | :::: > '''Buying''' Involvement begins ''after a requisition is received'' ( Soile Kallinen ) | ||
* A '''[[w:purchase order|purchase order]]''' ('''PO''') is a [[w:Trade|commercial]] document and first official offer issued by a [[w:buyer|buyer]] to a [[w:vendor (supply chain)|seller]], indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services. Acceptance of a purchase order by a seller usually forms a [[w:contract|contract]] between the buyer and seller, so no contract exists until the purchase order is accepted. ( Wikipedia ) | * A '''[[w:purchase order|purchase order]]''' ('''PO''') is a [[w:Trade|commercial]] document and first official offer issued by a [[w:buyer|buyer]] to a [[w:vendor (supply chain)|seller]], indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services. Acceptance of a purchase order by a seller usually forms a [[w:contract|contract]] between the buyer and seller, so no contract exists until the purchase order is accepted. ( Wikipedia ) | ||
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* '''[[w:Just in time (business)|Just in time]]''' ('''JIT''') is a production strategy that strives to improve a business [[w:return on investment|return on investment]] by reducing in-process [[w:inventory|inventory]] and associated [[w:carrying cost|carrying cost]]s. ( Wikipedia ) | * '''[[w:Just in time (business)|Just in time]]''' ('''JIT''') is a production strategy that strives to improve a business [[w:return on investment|return on investment]] by reducing in-process [[w:inventory|inventory]] and associated [[w:carrying cost|carrying cost]]s. ( Wikipedia ) | ||
== See also == | == See also == | ||