Annals of the University of Petrosani: Economics (Oct 2014)
PRACTICAL ASPECTS REGARDING THE DRAWING OF THE PROCUREMENT PROGRAM WITHIN INDUSTRIAL COMPANIES
Abstract
The rhythmical and continuous activity of the modern industrial company is strongly influenced by the supply of material resources, fuels and energy, ensured in quantities and with the structure imposed by the characteristics of the production process. Accordingly, supplying the necessary materials for the production process represents the material core which ensures the company’s adequate operation. Starting from this hypothesis, the paper deals with the laborious phases involved in the process of drawing the material supply program within industrial companies and it illustrates, by means of presenting a minicase study, calculations which must be pursued in order to obtain an accurate estimation for the main parameters of the procurement plan. Finally, the importance of the above mentioned elements is emphasized by using a realistic managerial approach upon the overall activity of the company, which yields new ways of increasing efficiency, directly derived from the procurement management domain.