Description
Plastic
Questionnaire
1. When does the need of a supplier arise? 2. For what kind of finished products do you need the suppliers to supply the raw materials? 3. What kind or quality of raw materials do you expect from the suppliers? 4. How do you get to know about the suppliers who are interested in supplying the materials? (a) Media (b) Competitors suppliers (c) Business associates d) Sales staff e) trader. 5. During the process of selection do you look at the market reputation or the goodwill the supplier carries with him? 6. How does anyone know about the kind of service a supplier provides? 7. Does anyone visit the supplier’s plant? 8. Does a company consider where the supplier is located? Does your company consider the factor of location? 9. What is the range of products a supplier has in store? 10.Who are your current suppliers? 11.Do you keep changing your suppliers or stick to some specific once? 12.How do you select a supplier? 13.How does the negotiation process take place? 14.How do you place the order for raw materials? 15.How much time does it generally take to negotiate and place an order? 16.What are the costs borne by you and your suppliers? 17.How often do you get to place an order? 18.By which means does the supplier supply you the materials? 19.How are the materials packed? Are there any standards set up by you? 20.How is the payment made by the company? 21.Do you buy the materials on credit or cash? If in credit, for what period? 22.What if the supplier does not supply the materials on the stipulated time? 23.What if the quality of the material provided by the supplier is not the same as per previous standards? 24.Does the supplier give any discount on orders? If yes, in what way?
INTRODUCTION
N. Naresh and Company is one of the medium sized manufacturers, exporters and wholesale suppliers of plastic bags in India. The range of plastic bags includes plastic garbage bags, vest carrier bags; bags in roll form, plastic shopping bags, side seal bags and other wide variety of plastic bags. Incorporated in the year 1990, Naresh and Co. is a trusted name engaged in the manufacture and export of HDPE/PP woven fabrics, woven sacks & jumbo bags, craft paper bags, LDPE tarpaulins, covers & sheets, geo synthetic fabrics etc. Based in Silvassa (India), the company had faced and still has been facing tough competition from its competitors. Having experienced for around 10 years, Naresh and co. is one of the medium players in the domain of plastics. Their plastic bags and polythene bags are very popular products due to their consistent stress on workmanship, after sales services and reliability. They strive to ensure that every product performs as per customer's expectations so that they achieve complete satisfaction and loyalty. The company has got few of its branches spread all over India but with different identity. They have their manufacturing and supplying units setup in Ahmadabad, Delhi, Mumbai and Silvassa. The company is among those that do not believe in having a single supplier. Their current supplier being Modern Industries, it keeps varying its supplier depending upon the situation and the need. Over years, the company has created a position in the market that has helped it to amass a huge list of clients. The clients of the company are spread through the length and breadth of India.
PRODUCTS
Polythene bags, Plain and Printed from LDPE, HM, HMHDPE, PP. LDPE: Low Density Poly Ethylene HM: high Molecule HMHDPE: High molecular High Density Poly Ethylene PP: Poly Propylene 1. Rolls, Sheets from LDPE, HM, HMHDPE, PP. 2. Self punch carry-home pack bags. Polythene Carry bags 3. Polythene Shopping bags 4. Plastic Garbage bags 5. Polythene Garbage bags 6. Plastic Shopping Bags 7. Polythene Refuse bags 8. Polythene Rolls and Sheets 9. Vest bags, T-shirt bags etc. 10. Printed and unprinted bags in multi colours The products undergo stringent tests including the gauge, burst, leakage, slip, dimension, print and temperature tests before they are ready to be dispatched.
Vest carrier bags and polythene carry bags: HDPE and LLDPE vest carrier bags are one of the most inexpensive available, commonly seen in most large supermarkets, stores, local bakers, butchers and fruit shops. The company manufactures vest carrier bags loose/stacked as per the specifications and size. Bags in roll form: These bags in roll form are used for various uses commonly used in grocery stores. Bags are perforated at the seal and are in the roll form with size and design as per customer's requirement. Plastic and polythene Garbage bags: These garbage bags have linear low density and provides excellent puncture and tear resistance. It handles heavy items and sharp corners without tearing. The company produces these garbage bags in large quantities, as there is high demand.
Side seal bags: Side Seal Bags are used for packing various items such as detergents, salts etc. Side Seal Bags provide excellent strength and can be attractive with 6color printing. Te Company has state of the art facility to provide printed/unprinted side seal bags. Shopping bags: The company gets orders with specifications, size, and design and manufactures accordingly. It is seen that these shopping bags are capable
of handling heavy items or articles. These bags are available both in plastic and polythene.
Polythene and plastic Rolls and Sheet: These rolls and sheets act as protection from rain, sunlight and are also used during transportation. These are also used in packing electronic goods like Television, refrigerators etc to from being damaged. They are also used as a woven sacks for packing of cement, chemical, food grains, fertilizers, sugar, organic-chemicals, oilseeds insecticides, pesticides, pharmaceuticals, cattle-feed, sand bag for army and many other items. They are also used as tarpaulin, making tents and also for giving sheds. Self punch carry-home pack bags: These bags are manufactured according to the order placed by the showrooms and few departmental stores. These kind of bags are used in jewellary stores and also in saree’s showroom.
Printed and unprinted bags in multi colours: Printed bags are used
Right Source
It is important for any manufacturing company to select a proper source that is dependable and capable of supplying items of uniform quality. Once the decision is made on what to be bought, the selection of supplier is next most important decision. Supplier should be selected in such a way that they provide the materials in right quantity, quality and in proper time. The suppliers are also a source of market information, price trends and circumstances prevailing in today’s industry. The key considerations in source selections are: • There should not be too many or too less sources. • Every company should have a minimum of two suppliers at any given point of time. • A person from the company should visit the supplier’s plant and verify the capability of supplying quality raw materials. • At times supplier should be selected in such a way that he is nearby to the manufacturing company.
Naresh & Co description:
The company believes in having a minimum of two suppliers, as it may not be possible for a certain supplier to supply the raw materials in the stipulated time. At present they are following a trend of having four suppliers each time they place an order. They have been getting most of their raw materials from Modern plastics industries located in Lower Parel, Mumbai. The company does not stick to a particular supplier.
Source Selection
Searching: Requisition of material is the starting point for any manufacturing company. The search process begins with the finalization of specification in consultation with the technical department. The process of searching also involves an initial survey on the sources of supply. This initial survey should be exhaustive in such a way that the company gets maximum information about the suppliers. Information about the suppliers can be obtained from trade journals, newspaper advertisement, telephone directories as well as from publication of government agencies. A representative from the company should present the products in which the organisation is presently interested and the company’s entire product line. Selecting: Once the search for the supplier comes to an end, focus is drifted towards selecting the most optimum supplier. At this stage more weightage is given to the supplier’s financial strength, quality, facilities, efficiency, industrial relations, technical excellence and position in the industry. If the relation between the company and the supplier is meant to continue, there must be mutual trust and assurance that the supplier is financially strong enough to stay in business. Here the company has to identify the possible sources and select such sources which will make the delivery and quality requirements at competitive price. The selection of supplier starts with the floating of enquires by the buyer to the possible sources that are made available through the search process. Certain suppliers often contact the buyers with the request to be included in the buyers list of approved suppliers. The supplier should be able to supply quality and sufficient quantity of material wanted. Certain questions relating to the technical ability of the supplier to supply the product, his assistance in development and improvement of the product over time and again should be answered.
It is desirable that the supplier is located near the buyer. A close location helps in shortening delivery time and means that the emergency shortages can be delivered quickly. The short listed supplier should also be able to supply materials at competitive prices. Negotiation: The beginning of negotiation marks the end of selection of supplier. Negotiation is basically a communication between the buyer and the supplier. Negotiation is not a mere bargain for lower prices. The buyer and the supplier negotiate in order to obtain the best value for the money spent. Factors like quality, conditions of supply, price, payment terms, freight, insurance, mode of packing, transport, delivery schedule, inspection etc have to be considered before a deal can be struck for procuring the materials. Here, placing trail orders for correct and cordial relationship is necessary. The trail orders should not exceed more than 20-30 days as per the requirement of the buyer. The need or requirement in terms of quality, quantity requirement should be described or known fully and concisely well in advance. It is the joint responsibility of both the parties to the negotiation to overcome any obstacles so that both the sides are clear on their obligations. Once the buyer is satisfied with the trail order he then fixes the rate and places the order. The supplier’s representative in some cases can be called for a frank discussion to point out the area of improvement so that he may continue his association with buyer’s organisation. Tools like knowledge about facilities available with the suppliers, questioning the market knowledge, knowledge on supplier’s workload, his previous price history, cost price analysis, kinds of discounts given by the supplier should also be employed during the process of negotiation.
Trial Orders: Once the negotiation between the buyer and the supplier formally ends trail orders are placed by the buyer in order to test the material provided by the supplier. This stage helps in understanding whether the material ordered actually matches with the requirement. The trial order is placed, also helps in reconsidering the buyer’s decision upon the material provided by the supplier. Instead of attaining loss by ordering a material in bulk which does not fit to the requirement or the specifications, advantage is taken by adopting few trial orders and then ordering the right quality material in right quantity. Rating: After the trail orders are executed, it becomes necessary for the buyers to rate the suppliers to enable him to determine how he should allocate his requirement among the suppliers. The quality, price and delivery standards of the supplier should be assessed by the buyer. Rating helps in comparing two different suppliers and eliminating the supplier who repeatedly fails to meet the set standards. In today’s business environment maintaining sound relationship between the buyer and the supplier is very much essential. The relation has to go on with a mutual dependency. Only than, the buyer will have an assured supply of quality product, technical support, improvement of his product and the supplier can rely on his future business. Communication between the buyer and supplier must be open so that both parties understand the problem of the other and can work together to solve those problems to their mutual advantage. This can happen only when proper negotiation takes place between the parties. Thus, the suppliers selection and supplier relations are of utmost importance.
SPECIAL ASPECTS IN SOURCE SELECTION Generally local sources are preferred provided they meet their requirements of the buyer in terms of quality, delivery and price. A personal follower or a local phone call is enough for effecting quicker deliveries. In fact, some organisations prefer local suppliers even though they may not compare favorably from outside suppliers. This local goodwill is sure to pay in the long run. It is not uncommon to find big organisations in India encouraging ancillary suppliers in and around their plants through technical and financial assistance. Often in selecting suppliers the materials manager is faced with this question. If the requirements are small the small supplier is obvious choice. A personalized contact can be established because he is small and he is likely to have fewer customers, will be more loyal and will meet unusual requests. Big suppliers are equipped with larger requirements. They usually have reserve facilities and may thus be able to meet additional requirements. They may have research and development facilities which will enable the buyer to obtain technically superior products.
PURCHASING PARMETERS
RIGHT PLACE Of Delivery
RIGHT MATERIAL Value analysis Standardisation
RIGHT QUALITY rejections and specifications
RIGHT SOURCE Vendor rating Purchase research RIGHT CONTARCTS Legal aspects RIGHT TRANSPORTATION Cost analysis of Transportation and logistics
RIGHT ATTITUDE training Swot analysis materials intelligence RIGHT TIME reorder point lead time analysis
RIGHT QUANTITY EOQ and inventory models
RIGHT PRICE negotiation learning curve
To___________________ From _________________
Date________________
REQUEST FOR SOURCE DEVELOPMENT Reason for Request:
New item/New product / Price/ Quality/Delivery/Single source/ Other
Component Code No: Component Drawing No: Present Annual Requirement: Present Price Paid: Present vendors with Address: a.__________________________ __________________________ b.__________________________ __________________________ c.__________________________ __________________________ Used on which Product? When required for Assembly/Production: Number of Samples Attached? What Assistance can we give Vendor?
_________________________ _________________________
Qty______ Value___________ Rs_______________________ State nature of problem with vendor
_________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________
Week________ Date_________ Local _________Imported________ Tooling/Testing/Material composition/ Method of manufacture/ Other ______________________________
Further Technical and other Details:
* The company did not provide their source development form *
To __________________ __________________ __________________ No___________________ Place___________________ Date___________________ At__________________________________ days after date/sigh (inclusive of days of grace) pay to us or to our order at______________________ the sum of rupees_______________________ inclusive of interest at________. _________________________ Signature of the seller Note: This bill of exchange has been drawn in connection with the sale of _______________________ (specify the description of goods sold) covered by ____________________________ (number and date of document) like railway receipt, lorry receipt, invoice no., etc. We accept this______________________ day of ______ (year) to revise the bill on maturity. _________________________ Signature of the buyer
* The above form is not provided by the company *
MATERIALS REQUISITION FORM
a. Department requiring the material: ______________ Date _______ b. Requisition reference number: __________________ To materials management department Kindly procure the material mentioned below: Description of the material Quantity required Suggested supplier Purpose Approximate date when the material is required
Requisitioned by__________________ Authorized by _________________
* The above form is not provided by the company *
Naresh & Co description
The company’s search for the supplier starts through the contacts given by the company’s business associates and friends. This company does not always go behind the market reputation the supplier carries with him. The supplier who can provide the materials at the least possible time and at reasonable price is given utmost importance. They also see to it that the supplier is located near to their manufacturing unit. After having basic idea about who the suppliers are, they are contacted through telephone and enquiries are made about the quantity, quality/grade and price of the raw materials the company requires and the supplier provides. This manufacturer then enquires about a particular quality/grade of raw material the supplier has in store. Price factor is given utmost importance during this enquiry. Once the company is satisfied with price which the supplier is quoting, samples are obtained for testing or trial. If the sample is approved, they start negotiating in order to obtain value for their orders placed and then the company places its final order. The negotiation period usually takes one day and at times extends to 15days. The payment for the order placed is done through cash, cheque and also at times through demand draft (DD). As almost every supplier insists some payment to be made in advance when the order is placed, the company fulfills this provision. The raw materials are delivered to the company by means of transportation like tempos or trucks. When the company receives the entire raw material in right quantity, the final payment is made. The company usually decides to stick with the same supplier for their future deals. But once it is found that the supplier does not adhere to the company’s various stipulations, they start searching for suppliers.
Suggestions
doc_637468585.doc
Plastic
Questionnaire
1. When does the need of a supplier arise? 2. For what kind of finished products do you need the suppliers to supply the raw materials? 3. What kind or quality of raw materials do you expect from the suppliers? 4. How do you get to know about the suppliers who are interested in supplying the materials? (a) Media (b) Competitors suppliers (c) Business associates d) Sales staff e) trader. 5. During the process of selection do you look at the market reputation or the goodwill the supplier carries with him? 6. How does anyone know about the kind of service a supplier provides? 7. Does anyone visit the supplier’s plant? 8. Does a company consider where the supplier is located? Does your company consider the factor of location? 9. What is the range of products a supplier has in store? 10.Who are your current suppliers? 11.Do you keep changing your suppliers or stick to some specific once? 12.How do you select a supplier? 13.How does the negotiation process take place? 14.How do you place the order for raw materials? 15.How much time does it generally take to negotiate and place an order? 16.What are the costs borne by you and your suppliers? 17.How often do you get to place an order? 18.By which means does the supplier supply you the materials? 19.How are the materials packed? Are there any standards set up by you? 20.How is the payment made by the company? 21.Do you buy the materials on credit or cash? If in credit, for what period? 22.What if the supplier does not supply the materials on the stipulated time? 23.What if the quality of the material provided by the supplier is not the same as per previous standards? 24.Does the supplier give any discount on orders? If yes, in what way?
INTRODUCTION
N. Naresh and Company is one of the medium sized manufacturers, exporters and wholesale suppliers of plastic bags in India. The range of plastic bags includes plastic garbage bags, vest carrier bags; bags in roll form, plastic shopping bags, side seal bags and other wide variety of plastic bags. Incorporated in the year 1990, Naresh and Co. is a trusted name engaged in the manufacture and export of HDPE/PP woven fabrics, woven sacks & jumbo bags, craft paper bags, LDPE tarpaulins, covers & sheets, geo synthetic fabrics etc. Based in Silvassa (India), the company had faced and still has been facing tough competition from its competitors. Having experienced for around 10 years, Naresh and co. is one of the medium players in the domain of plastics. Their plastic bags and polythene bags are very popular products due to their consistent stress on workmanship, after sales services and reliability. They strive to ensure that every product performs as per customer's expectations so that they achieve complete satisfaction and loyalty. The company has got few of its branches spread all over India but with different identity. They have their manufacturing and supplying units setup in Ahmadabad, Delhi, Mumbai and Silvassa. The company is among those that do not believe in having a single supplier. Their current supplier being Modern Industries, it keeps varying its supplier depending upon the situation and the need. Over years, the company has created a position in the market that has helped it to amass a huge list of clients. The clients of the company are spread through the length and breadth of India.
PRODUCTS
Polythene bags, Plain and Printed from LDPE, HM, HMHDPE, PP. LDPE: Low Density Poly Ethylene HM: high Molecule HMHDPE: High molecular High Density Poly Ethylene PP: Poly Propylene 1. Rolls, Sheets from LDPE, HM, HMHDPE, PP. 2. Self punch carry-home pack bags. Polythene Carry bags 3. Polythene Shopping bags 4. Plastic Garbage bags 5. Polythene Garbage bags 6. Plastic Shopping Bags 7. Polythene Refuse bags 8. Polythene Rolls and Sheets 9. Vest bags, T-shirt bags etc. 10. Printed and unprinted bags in multi colours The products undergo stringent tests including the gauge, burst, leakage, slip, dimension, print and temperature tests before they are ready to be dispatched.
Vest carrier bags and polythene carry bags: HDPE and LLDPE vest carrier bags are one of the most inexpensive available, commonly seen in most large supermarkets, stores, local bakers, butchers and fruit shops. The company manufactures vest carrier bags loose/stacked as per the specifications and size. Bags in roll form: These bags in roll form are used for various uses commonly used in grocery stores. Bags are perforated at the seal and are in the roll form with size and design as per customer's requirement. Plastic and polythene Garbage bags: These garbage bags have linear low density and provides excellent puncture and tear resistance. It handles heavy items and sharp corners without tearing. The company produces these garbage bags in large quantities, as there is high demand.
Side seal bags: Side Seal Bags are used for packing various items such as detergents, salts etc. Side Seal Bags provide excellent strength and can be attractive with 6color printing. Te Company has state of the art facility to provide printed/unprinted side seal bags. Shopping bags: The company gets orders with specifications, size, and design and manufactures accordingly. It is seen that these shopping bags are capable
of handling heavy items or articles. These bags are available both in plastic and polythene.
Polythene and plastic Rolls and Sheet: These rolls and sheets act as protection from rain, sunlight and are also used during transportation. These are also used in packing electronic goods like Television, refrigerators etc to from being damaged. They are also used as a woven sacks for packing of cement, chemical, food grains, fertilizers, sugar, organic-chemicals, oilseeds insecticides, pesticides, pharmaceuticals, cattle-feed, sand bag for army and many other items. They are also used as tarpaulin, making tents and also for giving sheds. Self punch carry-home pack bags: These bags are manufactured according to the order placed by the showrooms and few departmental stores. These kind of bags are used in jewellary stores and also in saree’s showroom.
Printed and unprinted bags in multi colours: Printed bags are used
Right Source
It is important for any manufacturing company to select a proper source that is dependable and capable of supplying items of uniform quality. Once the decision is made on what to be bought, the selection of supplier is next most important decision. Supplier should be selected in such a way that they provide the materials in right quantity, quality and in proper time. The suppliers are also a source of market information, price trends and circumstances prevailing in today’s industry. The key considerations in source selections are: • There should not be too many or too less sources. • Every company should have a minimum of two suppliers at any given point of time. • A person from the company should visit the supplier’s plant and verify the capability of supplying quality raw materials. • At times supplier should be selected in such a way that he is nearby to the manufacturing company.
Naresh & Co description:
The company believes in having a minimum of two suppliers, as it may not be possible for a certain supplier to supply the raw materials in the stipulated time. At present they are following a trend of having four suppliers each time they place an order. They have been getting most of their raw materials from Modern plastics industries located in Lower Parel, Mumbai. The company does not stick to a particular supplier.
Source Selection
Searching: Requisition of material is the starting point for any manufacturing company. The search process begins with the finalization of specification in consultation with the technical department. The process of searching also involves an initial survey on the sources of supply. This initial survey should be exhaustive in such a way that the company gets maximum information about the suppliers. Information about the suppliers can be obtained from trade journals, newspaper advertisement, telephone directories as well as from publication of government agencies. A representative from the company should present the products in which the organisation is presently interested and the company’s entire product line. Selecting: Once the search for the supplier comes to an end, focus is drifted towards selecting the most optimum supplier. At this stage more weightage is given to the supplier’s financial strength, quality, facilities, efficiency, industrial relations, technical excellence and position in the industry. If the relation between the company and the supplier is meant to continue, there must be mutual trust and assurance that the supplier is financially strong enough to stay in business. Here the company has to identify the possible sources and select such sources which will make the delivery and quality requirements at competitive price. The selection of supplier starts with the floating of enquires by the buyer to the possible sources that are made available through the search process. Certain suppliers often contact the buyers with the request to be included in the buyers list of approved suppliers. The supplier should be able to supply quality and sufficient quantity of material wanted. Certain questions relating to the technical ability of the supplier to supply the product, his assistance in development and improvement of the product over time and again should be answered.
It is desirable that the supplier is located near the buyer. A close location helps in shortening delivery time and means that the emergency shortages can be delivered quickly. The short listed supplier should also be able to supply materials at competitive prices. Negotiation: The beginning of negotiation marks the end of selection of supplier. Negotiation is basically a communication between the buyer and the supplier. Negotiation is not a mere bargain for lower prices. The buyer and the supplier negotiate in order to obtain the best value for the money spent. Factors like quality, conditions of supply, price, payment terms, freight, insurance, mode of packing, transport, delivery schedule, inspection etc have to be considered before a deal can be struck for procuring the materials. Here, placing trail orders for correct and cordial relationship is necessary. The trail orders should not exceed more than 20-30 days as per the requirement of the buyer. The need or requirement in terms of quality, quantity requirement should be described or known fully and concisely well in advance. It is the joint responsibility of both the parties to the negotiation to overcome any obstacles so that both the sides are clear on their obligations. Once the buyer is satisfied with the trail order he then fixes the rate and places the order. The supplier’s representative in some cases can be called for a frank discussion to point out the area of improvement so that he may continue his association with buyer’s organisation. Tools like knowledge about facilities available with the suppliers, questioning the market knowledge, knowledge on supplier’s workload, his previous price history, cost price analysis, kinds of discounts given by the supplier should also be employed during the process of negotiation.
Trial Orders: Once the negotiation between the buyer and the supplier formally ends trail orders are placed by the buyer in order to test the material provided by the supplier. This stage helps in understanding whether the material ordered actually matches with the requirement. The trial order is placed, also helps in reconsidering the buyer’s decision upon the material provided by the supplier. Instead of attaining loss by ordering a material in bulk which does not fit to the requirement or the specifications, advantage is taken by adopting few trial orders and then ordering the right quality material in right quantity. Rating: After the trail orders are executed, it becomes necessary for the buyers to rate the suppliers to enable him to determine how he should allocate his requirement among the suppliers. The quality, price and delivery standards of the supplier should be assessed by the buyer. Rating helps in comparing two different suppliers and eliminating the supplier who repeatedly fails to meet the set standards. In today’s business environment maintaining sound relationship between the buyer and the supplier is very much essential. The relation has to go on with a mutual dependency. Only than, the buyer will have an assured supply of quality product, technical support, improvement of his product and the supplier can rely on his future business. Communication between the buyer and supplier must be open so that both parties understand the problem of the other and can work together to solve those problems to their mutual advantage. This can happen only when proper negotiation takes place between the parties. Thus, the suppliers selection and supplier relations are of utmost importance.
SPECIAL ASPECTS IN SOURCE SELECTION Generally local sources are preferred provided they meet their requirements of the buyer in terms of quality, delivery and price. A personal follower or a local phone call is enough for effecting quicker deliveries. In fact, some organisations prefer local suppliers even though they may not compare favorably from outside suppliers. This local goodwill is sure to pay in the long run. It is not uncommon to find big organisations in India encouraging ancillary suppliers in and around their plants through technical and financial assistance. Often in selecting suppliers the materials manager is faced with this question. If the requirements are small the small supplier is obvious choice. A personalized contact can be established because he is small and he is likely to have fewer customers, will be more loyal and will meet unusual requests. Big suppliers are equipped with larger requirements. They usually have reserve facilities and may thus be able to meet additional requirements. They may have research and development facilities which will enable the buyer to obtain technically superior products.
PURCHASING PARMETERS
RIGHT PLACE Of Delivery
RIGHT MATERIAL Value analysis Standardisation
RIGHT QUALITY rejections and specifications
RIGHT SOURCE Vendor rating Purchase research RIGHT CONTARCTS Legal aspects RIGHT TRANSPORTATION Cost analysis of Transportation and logistics
RIGHT ATTITUDE training Swot analysis materials intelligence RIGHT TIME reorder point lead time analysis
RIGHT QUANTITY EOQ and inventory models
RIGHT PRICE negotiation learning curve
To___________________ From _________________
Date________________
REQUEST FOR SOURCE DEVELOPMENT Reason for Request:
New item/New product / Price/ Quality/Delivery/Single source/ Other
Component Code No: Component Drawing No: Present Annual Requirement: Present Price Paid: Present vendors with Address: a.__________________________ __________________________ b.__________________________ __________________________ c.__________________________ __________________________ Used on which Product? When required for Assembly/Production: Number of Samples Attached? What Assistance can we give Vendor?
_________________________ _________________________
Qty______ Value___________ Rs_______________________ State nature of problem with vendor
_________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________
Week________ Date_________ Local _________Imported________ Tooling/Testing/Material composition/ Method of manufacture/ Other ______________________________
Further Technical and other Details:
* The company did not provide their source development form *
To __________________ __________________ __________________ No___________________ Place___________________ Date___________________ At__________________________________ days after date/sigh (inclusive of days of grace) pay to us or to our order at______________________ the sum of rupees_______________________ inclusive of interest at________. _________________________ Signature of the seller Note: This bill of exchange has been drawn in connection with the sale of _______________________ (specify the description of goods sold) covered by ____________________________ (number and date of document) like railway receipt, lorry receipt, invoice no., etc. We accept this______________________ day of ______ (year) to revise the bill on maturity. _________________________ Signature of the buyer
* The above form is not provided by the company *
MATERIALS REQUISITION FORM
a. Department requiring the material: ______________ Date _______ b. Requisition reference number: __________________ To materials management department Kindly procure the material mentioned below: Description of the material Quantity required Suggested supplier Purpose Approximate date when the material is required
Requisitioned by__________________ Authorized by _________________
* The above form is not provided by the company *
Naresh & Co description
The company’s search for the supplier starts through the contacts given by the company’s business associates and friends. This company does not always go behind the market reputation the supplier carries with him. The supplier who can provide the materials at the least possible time and at reasonable price is given utmost importance. They also see to it that the supplier is located near to their manufacturing unit. After having basic idea about who the suppliers are, they are contacted through telephone and enquiries are made about the quantity, quality/grade and price of the raw materials the company requires and the supplier provides. This manufacturer then enquires about a particular quality/grade of raw material the supplier has in store. Price factor is given utmost importance during this enquiry. Once the company is satisfied with price which the supplier is quoting, samples are obtained for testing or trial. If the sample is approved, they start negotiating in order to obtain value for their orders placed and then the company places its final order. The negotiation period usually takes one day and at times extends to 15days. The payment for the order placed is done through cash, cheque and also at times through demand draft (DD). As almost every supplier insists some payment to be made in advance when the order is placed, the company fulfills this provision. The raw materials are delivered to the company by means of transportation like tempos or trucks. When the company receives the entire raw material in right quantity, the final payment is made. The company usually decides to stick with the same supplier for their future deals. But once it is found that the supplier does not adhere to the company’s various stipulations, they start searching for suppliers.
Suggestions
doc_637468585.doc