Day: March 2, 2022

The Evaluation Committee should conduct a financial evaluation and comparison to determine the evaluated price of each bid and determine the highest evaluated bid, which is substantially responsive to the requirements of the bidding document. The evaluated price for each Read More …

The methodology for the evaluation of bids should consist of: Eligibility of the bidder. Compliance with the conditions of sale; The bid price quoted Where appropriate, the Procuring Entity may include additional evaluation criteria in the bidding document, which should Read More …

Bids should be invited through the publication of an announcement of tendering proceedings. No pre-qualification should be conducted for disposing of stores, assets or equipment. Prequalification may only be resulted to with the prior approval of the PPOA. Contents of Read More …

A Procuring Entity should undertake annual stocktaking of stores and valuation of assets and equipment and maintain an up to date inventory register. Procuring Entities should prepare a disposal plan for each fiscal year. Annual disposal planning should be integrated Read More …

Disposal is a critical element of the stores, equipment and other assets management of a Procuring Entity. When any equipment is obsolete, its keeping, through maintenance costs, storage, parking, insurance, etc., may well exceed the returns that can be derived Read More …

Size of the Buying organization and consumption rates This may sound glib, but it is true. Take retail for example – if you have thousands of shops and significant buying power suppliers may be able to justify the management cost Read More …

A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor‘s inventory levels. The manufacturer has access to the distributor‘s inventory data and is responsible for generating purchase orders. Vendor-managed inventory (VMI) is a Read More …

Enterprise resource planning (ERP) is business management software—usually a suite of integrated applications—that a company can use to store and manage data from every stage of business, including: Product planning, cost and development Manufacturing Marketing and sales Inventory management Shipping Read More …

Distributions Requirements Planning is the method used by supply chain entities to plan orders in the whole supply chain taking into accounts the inventories to be kept along with buffer or safety stock, placing the orders with the manufacturer to Read More …

First problem with MRP systems – the integrity of the data. If there are any errors in the inventory data, the bill of materials (commonly referred to as ‘BOM’) data, or the master production schedule, then the output data will Read More …