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I need best keywords for Purchase?

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Question added by Selvendran mani , Sr.Executive Procurement , M/s. OREN HYDROCARBONS PVT. LTD
Date Posted: 2020/12/02
MOHAN SABARINATHAN
by MOHAN SABARINATHAN , Procurement and Supply Chain Manager , Hydro Building Systems ME FZE

I prefer to mention the below:

5R Rule as a Purchase Concept (Right product from the Right supplier at the Right cost delivered to Right place at the Right time).

interms of Purchasing Key words:

1) PROCURE TO PAY CYCLE (P2P)

2) PURCHASE ORDER CYCLE TIME

3) SUPPLIER COMPLIANCE RATE

4) COST AVOIDANCE AND COST REDUCTION

5) TOTAL PROCUREMENT ROI

 

 

Mohammed Ali
by Mohammed Ali , Owner’s Representative , BRISTORIA HOTEL

It is art of bargaining process

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