What is the Buying process in a Company?

  • Jul 26, 2021
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The purchase process is a series of activities that allow to effectively carry out the buying a product specific or several. Usually carrying out this procedure involves having several steps in mind as an idea of ​​the product you are going to buy; the selection of the brand or model of the article that will cover the need of a company or person, having from the beginning the specifications of the same so that there are no mistakes at the time of the acquisition.

purchasing process

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In this article you will find:

What threads is the purchase process composed of?

The standard determination

It is the process of analyze prices that are obtained by the suppliers, which allow an evaluation and in the end a decision of what is the most correct thing to choose according to the budget and the needs to be covered.

Purchasing planning

It consists of carrying out an analysis of the deficiencies that need to be covered in a company, in this case it must be taken into account which products can cover said deficiency. In the process, the appropriate suppliers from whom the purchase should be made must be identified and in How long is it necessary for the merchandise to be brought, relatively evaluating the price and quality that the merchandise will possess herself.

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Specification development

Are those characteristics established by the buyer of the merchandise, It's one of the details that every supplier must take into account, to assess that their product meets the customer's need. Generally many providers ask detail specifications You want the product to meet to keep the customer satisfied with what was purchased.

Research and selection of suppliers

It consists of a exhaustive search of merchandise suppliersTo begin with a serious investigation, you should start by asking acquaintances, friends, magazines or the Internet, of the most important companies. Keep in mind as quality criteria, the prices and the terms of request and delivery of the product. At the end of the search, an analysis of the references possessed by the supplier as well as a visit to the facilities establishing a clear idea of ​​whether the company is reliable or not.

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Value analysis

It is the evaluation of the price of a commodity or product. This procedure is carried out based on the opinions or criteria that exist between the manufacturer and the customer. In such a way that it can be established to obtain a product with a value higher or lower than the preset by the manufacturer. Optimizing functions and cost who owns the same at the end in a new sale or use.

The foundership

It is the delivery of a payment to the distributor that produces the merchandise. This aspect can be established in a short or long term, depending in this case on the delivery or return of the product. It is important to have the necessary criteria established from the beginning so as not to carry out a financing wrong to worthless companies.

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Price negotiation

It consists of obtaining the desired prices from a discussion between supplier and customer, in such a way that an agreement is reached that satisfies one of the parties. To achieve this, preparation must be taken into account, evaluating the objectives and discounts that you intend to achieve in the agreement.

Generate the purchase

The purchase It is carried out, according to the budget that the company has and if the product is in good condition, in addition to meeting the needs that the person requires. It is important to note that it is necessary to bear in mind several criteria to successfully generate the purchase of merchandise or product. This other article talks about the essential document at this stage, the purchase order.

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Administration supply contract

They are a series of actions that are attached to the law, in such a way that no criminal process is executed. Some activities considered supply contracts They are financial leasing, acquisition or other tasks that have or do not have the possibility of buying some movable property or some products. In addition, it is important to emphasize that those that are not considered in this regard are treaties that have negotiable securities.

Inventory and warehouse control

It is a series of functions that consist of maintaining a constant knowledge of the products that are kept in the warehouses. First of all in the warehouses Security must be in place to keep the merchandise in good condition from its entry into the company until its exit to be used by an end user or industry. Meanwhile he inventory control, allows the director of the company to keep in mind that the products are current or presented in good condition, it is necessary that this evaluation is followed correctly so that the company does not present problems with the merchandise and in the end losses appear monetary. Within this scope is the control of minimums and maximums to ensure stock.

Disposals and other related functions

It consists of the sale of a merchandise to a client, where a series of procedures are contemplated according to the policies that the company has. In such a way that the client must sign and establish that where he wants the product, whether by sea or land. Everything is a matter of having adequate logistics.

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