CATEGORY - Procurement
| Description | EN: Procurement comprises the people, processes, systems, data, technology, policies, risks, and associated capabilities used for the acquisition of goods and services. They enable effective purchasing decisions, help manage supplier relationships, and ensure compliance with purchasing policies and regulations. FR: La catégorie Achats (aussi appelée approvisionnement) comprend les organisations, processus, systèmes, données, technologies, réglements, risques et capacités correspondantes utilisées pour l'acquisition de biens et services. Ils permettent de prendre des décisions d'achats efficaces, d'aider à gérer les relations avec les fournisseurs et de garantir la conformité aux politiques et réglementations d'achat. |
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| Name (FR) | Achats |
| Parent Schema | 
Activity Domains |
| Packaging Library | 
Industry Shared Assets |
TREE VIEW
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Procurement
Procurement comprises the people, processes, systems, data, technology, policies, risks, and associated capabilities used for the acquisition of goods and services. They enable effective purchasing decisions, help manage supplier relationships, and ensure compliance with purchasing policies and regulations.
MAP VIEW
Procurement
ROOT CAPABILITIES
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Inventory Management (*)Focuses on efficient control, tracking, and optimization of inventory levels. It involves maintaining optimal stock levels, accurate tracking, forecasting demand, and ensuring effective storage and retrieval. By balancing lead times, order quantities, and demand fluctuations, it reduces costs, prevents stockouts or overstocking, and ensures timely order fulfillment.
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Inventory Optimization
Focuses on maintaining optimal stock levels by balancing factors such as lead times, order quantities, and demand fluctuations. It integrates with accounting systems to provide analysis of costs, inventory turnover, and profitability. This helps avoid overstocking and stockouts while maintaining efficient operations and cost control.
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Inventory Planning
Involves analyzing historical data, forecasting future demand, and aligning inventory levels accordingly. The goal is to ensure sufficient stock availability while minimizing excess inventory and related holding costs. Accurate planning supports operational efficiency, timely production schedules, and cost reduction.
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Stock Keeping
Involves systematically tracking and recording all movements of inventory, including stock levels, locations, and movements across various storage points within the enterprise. This ensures real-time visibility into inventory status, reduces errors, prevents stock discrepancies, and enhances decision-making with reliable data.
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Warehouse Management
Manages the efficient storage, retrieval, picking, packing, and shipping of inventory within warehouse operations. It ensures that warehouses are optimized for space, labor efficiency, and quick order fulfillment. This capability helps reduce operational delays, improve order accuracy, and meet customer demands promptly.
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CAPABILITY INVENTORY
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Ethical and Sustainable Procurement
Focuses on sourcing goods and services in a socially responsible and environmentally sustainable manner. It entails considering ethical practices, labor conditions, and environmental impacts throughout the procurement process. The primary purpose is to promote transparency, accountability, and positive social and environmental outcomes while meeting enterprise's needs.
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Inventory Management (*)
Focuses on efficient control, tracking, and optimization of inventory levels. It involves maintaining optimal stock levels, accurate tracking, forecasting demand, and ensuring effective storage and retrieval. By balancing lead times, order quantities, and demand fluctuations, it reduces costs, prevents stockouts or overstocking, and ensures timely order fulfillment.
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Inventory Optimization
Focuses on maintaining optimal stock levels by balancing factors such as lead times, order quantities, and demand fluctuations. It integrates with accounting systems to provide analysis of costs, inventory turnover, and profitability. This helps avoid overstocking and stockouts while maintaining efficient operations and cost control.
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Inventory Planning
Involves analyzing historical data, forecasting future demand, and aligning inventory levels accordingly. The goal is to ensure sufficient stock availability while minimizing excess inventory and related holding costs. Accurate planning supports operational efficiency, timely production schedules, and cost reduction.
-
Stock Keeping
Involves systematically tracking and recording all movements of inventory, including stock levels, locations, and movements across various storage points within the enterprise. This ensures real-time visibility into inventory status, reduces errors, prevents stock discrepancies, and enhances decision-making with reliable data.
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Warehouse Management
Manages the efficient storage, retrieval, picking, packing, and shipping of inventory within warehouse operations. It ensures that warehouses are optimized for space, labor efficiency, and quick order fulfillment. This capability helps reduce operational delays, improve order accuracy, and meet customer demands promptly.
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Procurement Cost Management
Involves managing the costs associated with procurement activities while ensuring alignment with budget constraints. It includes planning budgets, tracking expenditures, and implementing cost-saving initiatives. This capability aims to optimize procurement spending, enhance financial control, and support enterprise financial objectives by ensuring cost efficiency throughout the procurement process.
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Purchase Order Processing
Oversees the initiation, validation, and execution of purchase orders, streamlining the procurement process. It encompasses order creation, validation of specifications, and coordination of deliveries to meet enterprise requirements efficiently. This capability aims to minimize errors and enhance communication with suppliers, facilitating smooth procurement workflows.
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Vendor Selection and Contracting
Involves identifying, evaluating, and selecting vendors based on criteria such as quality, cost, reliability, and alignment with enterprise needs. It also includes negotiating terms, ensuring compliance with contractual obligations, and fostering strong supplier relationships to secure necessary goods and services efficiently and effectively.