Procurement & Vendor Management

Responsible departments:

Supply Chain, Finance

Effective procurement ensures timely acquisition of goods and services that meet quality, cost, and schedule requirements. Operations and Maintenance provide demand forecasts and specifications, Supply Chain executes purchase orders and manages vendor relationships, while Finance oversees financial controls and payment processes. A unified approach maintains supplier performance, reduces risks, and controls cost.Procurement teams must work with Inventory teams to ensure part number and price updates are maintained in the ERP.  This avoids duplicate materials and a buildup of obsolete materials occurring.

Inputs

Purchase requests, approved contracts, min max levels, maintenance schedules

Outputs

Purchase orders, supplier performance reports

Benefits

Timely procurement, supplier compliance, cost effectiveness

Relevant Workflows:

  • Inventory Picking process
  • Material Replenishment Process
  • Direct Charge PO process

Demand Planning & Forecasting

Spare Parts for Assets

Strategic Sourcing & Contracts

Procurement & Vendor Management

Logistics & Shipping

Cataloguing

Repairable Item Process

Inventory Master Data

Warehousing Management

Inventory Management

Fulfill Customer Requirements

Obsolete Review, Revalue or Write Off

Continuous Improvement

Cost Control

Analyse Performance

Materials Management Framework

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"Materials Management is the process of planning, acquiring, handling, and controlling materials used in production or operations. It ensures that the right materials are available at the right time, in the right quantity, and at the right cost."