Check out our FREE Resources page – Download complimentary business frameworks, PowerPoint templates, whitepapers, and more.

Best Practices in Direct Material Procurement   49-slide PPT PowerPoint presentation (PPT)
$49.99

Best Practices in Direct Material Procurement (49-slide PPT PowerPoint presentation (PPT)) Preview Image Best Practices in Direct Material Procurement (49-slide PPT PowerPoint presentation (PPT)) Preview Image Best Practices in Direct Material Procurement (49-slide PPT PowerPoint presentation (PPT)) Preview Image Best Practices in Direct Material Procurement (49-slide PPT PowerPoint presentation (PPT)) Preview Image Best Practices in Direct Material Procurement (49-slide PPT PowerPoint presentation (PPT)) Preview Image Best Practices in Direct Material Procurement (49-slide PPT PowerPoint presentation (PPT)) Preview Image Log in to unlock full preview.
Arrow   Unlock all 18 preview images:   Login Register

Best Practices in Direct Material Procurement (PowerPoint PPT)

File Type: 49-slide PPT PowerPoint presentation (PPT)

Top 1,000 Best Practice $49.99

Add to Cart
  


BUY WITH CONFIDENCE

Immediate digital download upon purchase.
Lifetime document updates included with purchase.
Fully editable & customizable PPT document.
Trusted by over 10,000+ organizations.

DESCRIPTION

This product (Best Practices in Direct Material Procurement) is a 49-slide PPT PowerPoint presentation (PPT), which you can download immediately upon purchase.

This PowerPoint presentation identifies some key findings regarding Direct Material Procurement and Sourcing:

•  Key success criteria of direct procurement are on-time delivery and high-quality, not low costs
•  To achieve this, close relationships with the suppliers are necessary that need to be built up from the early product development phase onwards
•  However, relationships with direct material suppliers are complex and hence not obvious to handle
•  Direct material procurement begins with the early stage of product development and is of strategic importance throughout the product lifecycle
•  OEMs select, monitor and control suppliers beyond their first tier suppliers and focus besides contract manufacturers in particular on core component manufacturers
•  Throughout the production phase an open exchange of information with suppliers is the key success factor to manage the supply chain

Organizations engage in Direct Material Procurement initiatives for a variety of reasons—foremost, being realizing significant cost reductions. Direct Material Sourcing is often a significant expense for organizations and engaging in Procurement Transformation can help reduce costs through negotiation, supplier consolidation, and procurement process optimization. Additionally, these efforts can provide the benefits of improved supplier relationships, risk management, innovation, strategic alignment, and sustainable procurement.

This presentation delves into the advantages of direct procurement and explain how to manage direct procurement effectively. It also delineates a number of B2B solutions; as well as provides several best practice industry examples in great depth and shows why we need to have a Procurement Strategy first.

The detailed case study breaks down the 7-phase procurement process that drives successful Procurement Transformation:

1. Procurement Strategy Design
2. Supplier Selection
3. Material Specification
4. Forecasting
5. Procurement
6. Fulfillment
7. Supplier Development

This PowerPoint presentation was developed by a leading global strategy consulting firm. With clear, concise, yet detailed information and engaging business visuals, this presentation is the optimal resource for procurement and sourcing specialists looking to optimize their Direct Procurement Strategies. These direct procurement best practices can be used to manage costs and develop competitive advantages.

The presentation highlights the importance of accurate forecasting and transparency in supply chains to ensure timely delivery and high-quality standards. It also emphasizes the need for integrated procurement solutions and intimate supplier networks to reduce costs and enhance supplier relationships.

Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Best Practices in Procurement Strategy PowerPoint Slides: Best Practices in Direct Material Procurement PowerPoint (PPT) Presentation, Documents & Files


$49.99

Add to Cart
  

OVERVIEW

File Type: PowerPoint ppt (PPT)
File Size: 725 KB
Number of Slides: 49 (includes cover and all slides)

ABOUT THE AUTHOR

Additional documents from author: 130

Ask the Author a Question

Must be logged in

Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.




Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
AT&T GE Cisco Intel IBM Coke Dell Toyota HP Nike Samsung Microsoft Astrazeneca JP Morgan KPMG Walgreens Walmart 3M Kaiser Oracle SAP Google E&Y Volvo Bosch Merck Fedex Shell Amgen Eli Lilly Roche AIG Abbott Amazon PwC T-Mobile Broadcom Bayer Pearson Titleist ConEd Pfizer NTT Data Schwab




Read Customer Testimonials




Customers Also Bought These Documents


Customers Also Like These Documents

Related Management Topics


Procurement Strategy Operational Excellence Cost Reduction Assessment Supplier Negotiations Strategy Deployment & Execution Hoshin Kanri Strategic Planning KPI Strategy Development Consulting Frameworks Negotiations Supply Chain Analysis Warehouse Management Supplier Management Inventory Management Chief Strategy Officer ESG Value Chain Analysis Breakout Strategy Growth Strategy Sales Business Case Example Financial Modeling Business Case Development Mobile Strategy Cyber Security Customer Experience Business Transformation Digital Transformation Sustainability

Receive our FREE presentation on Operational Excellence

This 50-slide presentation provides a high-level introduction to the 4 Building Blocks of Operational Excellence. Achieving OpEx requires the implementation of a Business Execution System that integrates these 4 building blocks.