Procurement Principles (Supply Chain Basics)
In this video, we are learning the principles of procurement,
This is part of our supply chain basics in procurement from our learning logistics series where we discuss the basic Supply Chain and Logistics concepts.
So far, we have covered "what is procurement" "what are the steps in procurement" and "what is the difference between procurement and purchasing"
If you want to look at those corresponding videos, they are linked below:
• What is Procurement? (...
• 9 Steps in Procurement...
• Procurement vs Purchas...
If you are interested in learning more about logistics and supply chain, and want to become even more knowledgeable and learn from the experts, CHECK OUT OUR COURSES: www.mvclogisticsacademy.com
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KEYWORDS: What is procurement, procurement, supply chain design, logistics videos, youtube videos about logistics, videos about supply chain, Learning Logistics show, logistics education and training, MVC Logistics Academy KZread channel, MarvikCo Logistics LLC.
Пікірлер: 35
These principles are very important and procurement staff should follow those principles when they dealing procurement activities.
@MVCLogisticsAcademy
Жыл бұрын
Yes, I agree. I think having standardized S&OPs that include these as a basic guideline could benefit any department.
This video was informative and helpful. I now have a clear understanding between procurement and finance within a organization. Thanks again 👍
@MVCLogisticsAcademy
2 жыл бұрын
Thank you so much! So glad you enjoyed it and learned more about procurement!
@bfinch1980
Жыл бұрын
@@MVCLogisticsAcademy yes! Definitely helped me!
The document was really clear and precise. Now i understand the principle best. Thank you
@MVCLogisticsAcademy
Жыл бұрын
You are very welcome, I am glad you found it useful!
Thanks for the talk on supply chain management , procurement and finance related issues.
@MVCLogisticsAcademy
Жыл бұрын
My pleasure! I am glad you are enjoying it.
Great Information! Thank you!
@MVCLogisticsAcademy
Жыл бұрын
So glad you are enjoying the content, thank you for watching 🙂
Thanks
Allow me to ask, is there any order here for the principles of procurement?
@MVCLogisticsAcademy
Жыл бұрын
Hello, thank you for commenting. I would say there is no particular order, but rather there will a flow to the procurement principles based on the way your team/department works internally and externally.
Great prof.
@MVCLogisticsAcademy
4 ай бұрын
Thank you so much! 🌟 Your kind words mean a lot to me and the entire team. We're thrilled to hear that you enjoyed the content🚀💡
Helpful thanks
@MVCLogisticsAcademy
2 жыл бұрын
Glad it helped
I am new to my position at a young company that offers something exclusive that I feel would be helpful to ANY industry that uses office chairs. How do I find procurement companies to get our information to?
@MVCLogisticsAcademy
Жыл бұрын
Since you are a young company, I would go with a social media strategy that highlights the useful features of your products in a fun manner that would target the viral trends out there. This would be cost effective if your budget is limited, and has the potential to access a large audience if done right.
please talk about marketing logistics
@MVCLogisticsAcademy
2 жыл бұрын
Thank you for the suggestion, we'll work on a video on it for you!
Thank you it is so useful for me could you please send me the book about procurement and logistic
@MVCLogisticsAcademy
Жыл бұрын
Procurement, Principles, and Management (11th Edition) Author: Peter Bailey, David Farmer, Barry Crocker, David Jesson, and David Jones
Could you plz more explain the Fairness, transparency, and integrity?
@MVCLogisticsAcademy
10 ай бұрын
Of course! 🌟 I'd be delighted to provide more insight into the principles of fairness, transparency, and integrity in procurement. Fairness: In procurement, fairness means ensuring that all suppliers and bidders are treated equitably and have an equal opportunity to compete. It's about creating a level playing field where no one has an advantage over others. Fairness is achieved through open competition, unbiased evaluation processes, and clear criteria for selecting suppliers. It's essential to prevent favoritism or discrimination and to build trust among all stakeholders. Transparency: Transparency is the cornerstone of a sound procurement process. It means that all actions, decisions, and transactions are visible and can be easily understood by relevant parties. Transparent procurement processes involve clear documentation, open communication, and disclosure of information to suppliers and the public when necessary. Transparency fosters trust, accountability, and confidence in the procurement process. Integrity: Integrity is about maintaining the highest ethical standards throughout the procurement process. It means acting honestly, ethically, and without conflicts of interest. Procurement professionals should adhere to codes of conduct and ethics, avoid bribery or corruption, and make decisions solely based on the best interests of the organization. Integrity ensures that the procurement process is conducted with credibility and trustworthiness. I hope this clarifies these principles for you! If you have any more questions or need further explanations, feel free to ask. Your curiosity and engagement in our content are greatly appreciated! 📚🌐
@user-zf6of6zp8n
10 ай бұрын
Thank you so much for the broad explanation@@MVCLogisticsAcademy
@MVCLogisticsAcademy
9 ай бұрын
You're very welcome! 😊 I'm thrilled to hear that our explanation was helpful to you. If you have any more questions or if there's anything specific you'd like to learn about, feel free to ask. We're here to help you on your learning journey! 🌟✨
good Morning very very good
@MVCLogisticsAcademy
2 жыл бұрын
Good morning, thank you so much! 😀
hello ma'am , i do not understand ur fast english but look this video only to see you becoz you are so cute☺ and charming
@MVCLogisticsAcademy
Жыл бұрын
Hello there, thank you for your kind comment. I have tried to speak more clearly in more recent videos, so I hope you can better understand those. I also add captions to all the videos, so it might help to turn those on.
Raise your voice, professor
@MVCLogisticsAcademy
Жыл бұрын
I will try to get better audio equipment. thank you for the suggestion.
@talowanaag6649
Жыл бұрын
Thanks