1. Determine and confirm purchasing requirements for at least six (6) of the goods listed in the...
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Question:
- 1. Determine and confirm purchasing requirements for at least six (6) of the goods listed in the knowledge evidence.
2.Make purchase arrangements for the goods to meet different:
- End product requirements
- Customer specifications:
- Numbers
- Special requests
3. Complete purchasing activities following organisational requirements for stock ordering, including procedures and documentation.
On each occasion, preform the following steps to determine purchasing requirements:
- Access and interpret information and discuss end product requirements with relevant personnel to determine goods to be purchased.
- Check and assess quality and suitability of stock on hand before proceeding with new purchases.
- Maximise use of suitable stock on hand to avoid wastage.
- Use forecasting methods to calculate required quantity of goods.
- Determine price limitations for the purchase of goods using job costings.
- Develop purchase lists and prioritise purchasing requirements according to organisational deadlines.
Complete the below actions to source suppliers and discuss requirements on each occasion:
- Source and review potential suppliers and comply with organisational procedures for the supply of goods.
- Inform the supplier of requirements and specifications.
- Confirm the availability of supply to meet production requirements.
- Seek price for the supply and negotiate costs within scope of individual responsibility and organisational policy.
- Refer complex supply issues to a higher-level staff member for action.
Complete the following steps on each occasion to assess the quality of goods and make purchase:
- Assess supplier capacity to meet price, quality and delivery expectations.
- Complete of quality of goods.
- Select supplier and purchase goods based on price, availability and quality, and within scope of individual responsibility and organizational policy.
- Keep accurate purchase records
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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