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

Claudia Isac () and Codruţa Dura ()
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Claudia Isac: University of Petroşani, Romania
Codruţa Dura: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2014, vol. 14, issue 1, 129-142

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.

Keywords: procurement program; the need of material resources; resources for covering consumption requirements; the necessary quantity to be supplied; the specific supply consumption norm (search for similar items in EconPapers)
JEL-codes: L20 M10 M31 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:14:y:2014:i:1:p:129-142

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