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Practical aspects regarding the drawing of the procurement program within industrial companies

Author

Listed:
  • Claudia Isac

    (University of Petroşani, Romania)

  • Codruţa Dura

    (University of Petroşani, Romania)

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 mini-case 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.

Suggested Citation

  • Claudia Isac & Codruţa Dura, 2014. "Practical aspects regarding the drawing of the procurement program within industrial companies," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 14(1), pages 129-142.
    • Handle: RePEc:pet:annals:v:14:y:2014:i:1:p:129-142
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    More about this item

    Keywords

    procurement program; the need of material resources; resources for covering consumption requirements; the necessary quantity to be supplied; the specific supply consumption norm;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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