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    The document discusses standard procurement practices and procurement processes at Godrej Construction. It describes the key activities in their current procurement system, including receiving material requests, floating inquiries to vendors, selecting vendors, ordering from vendors, receiving materials, and evaluating vendors. It also outlines their processes for project planning, material planning, floating technical inquiries, evaluating offers, and placing orders. Order placement has several approval levels and expediting is used to ensure on-time delivery. While some standard practices can improve the process, they may increase costs.

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    Information about current standard practices in procurement.

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    Procurement practices and procedures

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    The document discusses standard procurement practices and procurement processes at Godrej Construction. It describes the key activities in their current procurement system, including receiving material requests, floating inquiries to vendors, selecting vendors, ordering from vendors, receiving materials, and evaluating vendors. It also outlines their processes for project planning, material planning, floating technical inquiries, evaluating offers, and placing orders. Order placement has several approval levels and expediting is used to ensure on-time delivery. While some standard practices can improve the process, they may increase costs.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    37 views10 pages

    Procurement Practices and Procedures

    Uploaded by

    ashish_20k
    The document discusses standard procurement practices and procurement processes at Godrej Construction. It describes the key activities in their current procurement system, including receiving material requests, floating inquiries to vendors, selecting vendors, ordering from vendors, receiving materials, and evaluating vendors. It also outlines their processes for project planning, material planning, floating technical inquiries, evaluating offers, and placing orders. Order placement has several approval levels and expediting is used to ensure on-time delivery. While some standard practices can improve the process, they may increase costs.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 10

    Standard Industrial Procurement practices and Procurement in Godrej Construction

    Omkar Sawant Sal Code:94665

    Omkar Sawant

    Current Procurement System in Construction Stores


    Layout of the activities performed

    Omkar Sawant

    Receipt of MPRM (Material Procurement Request Memo) from the concerned businesses. Review on the requirement, understanding the specification. Floating enquires to respective vendors. Select vendors based on those whose offer is in line with the requirement.

    Omkar Sawant

    Based on best price and delivery the order is placed on selected vendor. Receipt of material at site and processing the bills for the same. Ensure payments to the suppliers made in time. Evaluation and revaluation of vendors whether end customer is satisfied.

    Omkar Sawant

    Project Planning: Includes the project layout, resource allocation. Material Planning: As per the project plan, purchase requisitions are generated and forwarded to purchase team with technical specs. Floating enquiries: Detailed technical enquires to be floated to the vendors.

    Omkar Sawant

    Evaluation of offers: A special system window is maintained wherein the vendors can upload the offers online and the same can be evaluated. Offers are basically classified as technical offers and commercial offers. Detailed Engineering Consultants (DEC)can be appointed to evaluate the technical offers, wherein a check can be made whether the offer is in line with our requirement.

    Omkar Sawant

    DECs add up to the cost, but expedite the process and help for efficient procurement. The commercial scope is with the buyer and negotiations can be made accordingly. Order Placement: Once techno-commercial offers are finalized, order is placed on vendor who is technically ok and price competent along with the best delivery.

    Omkar Sawant

    Order placement: This process has various levels of approvals involved. - Commercial concurrence (Audit) - Approval to Division Head/Project Head. - Issuance of order to vendor as per the hierarchy.

    Omkar Sawant

    Expediting: Once order is placed a follow up is required to ensure on time delivery. Some companies appoint separate expediting team to follow up the vendor, to frequently visit his works and evaluate whether the vendor has enough capacity to meet the requirement and supply in time.

    Omkar Sawant

    There are many standard practices that can be absorbed such as commercial audit at time of order placement, involvement of DECs. The same have a cost impact but can help to streamline the process and improve productivity.

    Omkar Sawant

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