Just-In-Time Purchasing: In Pursuit of Excellence
Editorial Reviews
Book Description
If a firm has a historical profit margin of 10%, which would be better; (1) a 50% increase in sales, or (2) a 10% curtailment in the costs associated with purchased products and services? Would you believe either results in the same effect to the bottom line. It's true. Next question. Which is easier to attain?
That's an easy one to answer after you've mastered the methods contained in this book. At a time when costs related to purchasing account for over 50% of a product's total cost, shouldn't the attention paid to your company's procurement function be highly focused? We thought you'd say that.
Key Concepts: Supplier Cooperation. Provides the methodology for attaining long-term relationships with suppliers in which they are made to be partners, not victims. Total Cost Approach. Allows you to account for hidden costs, as well as those readily apparent. Total Quality Control. Shows purchasers how to supply the right material, at the right time, in the right place and in the right quantity. Theory Of One. Outlines the pull system of manufacturing versus its counterpart, push production.
From the Back Cover
What's your JIT IQ? Take this quiz. (Answers on Page 194.) TQC
5Ws
DSE
MMP
WIP
SMED
LSL
LLP
VAP
FFU
ESP
SPC
ZI
ZD
MBWA
CED
CIP
OTC
SLP
TPM
Just-In-Time Purchasing: In Pursuit of Excellence
Just-In-Time Purchasing: In Pursuit of Excellence,Peter L. Grieco,Michael W. Gozzo,Jerry W. Clunch,PT Publications Inc,0945456018,Business / Economics / Finance,Materials Procurement,Purchasing & Buying
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