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inward goods the goods are delivered at the inward goods stores of the companyplant with necessary documents like delivery challans and
supplies the supplier is responsible for the delivery of goodsservices that are orderedcontracted to him as per the order however purchaser has
purchase ordercontract a purchase ordercontract is issued to the suppliercontractor the offer once accepted by the suppliercontractor becomes a
request for quote request for quote rfq is a standard business process to invite suppliers into a bidding process to bid on specific products
selection of potential suppliers this is an important function of the purchase department if the material under reference is a standard item
purchase request in the previous section you learnt about purchase and buy decision where the production manager decides the right part so that
purchase and buy decision the project manager or the production manager of a project has to decide whether to buy or make a part so that it is
bill of materials bill of materials bom is an important document for any project production before launching or material requirement planning
production and development process the traditional approach to product development stresses on a rigid sequence of steps usually rampd
product development cycle all products under development typically follow the cycle of market place-to-market place the development starts with
production process let us begin our discussion with the production process the production process for any project begins soon after the
steps for force account now that we are aware of the requirements for force account contracting let us understand the steps involved in force
requirements for force account let us now look at the requirements for force accounting force account should be justifiable as to why
conditions for adopting force account list of the situation where you can utilise force account is mentioned below works are small or in remote
force account you have learnt that direct contracting is used under a limited number or exceptional circumstances without inviting any open
steps for direct contracting now that we are aware of the requirements for direct contracting let us understand the steps involved in direct
requirements for direct contracting let us now look at the requirements for direct contracting the requirement of direct contracting
conditions for adopting direct contracting we should adopt direct contracting when extension of existing contracts for works or supply of goods
direct contracting is another procurement method that is used under a limited number of exceptional circumstances in direct contracting
steps for shopping worksgoods now that we are aware of the requirements for shopping let us understand the steps involved in shopping 1
requirements of shopping let us now look at the requirements for shopping the value of the work or goods should be of a lesser value and
conditions for adopting shopping we should adopt shopping when it is an appropriate method for execution of works of small value in a short
shopping in terms of contract management shopping is a term often used in our daily life in terms of contract management this term is adapted
steps for national competitive bidding ncb similar to icb we have two ways involved in ncb one with pre-qualification another without
steps involved for internationalglobal competitive bidding icb now that we are aware of the requirements of icb let us understand