No mates, this is not another post on sub-prime mortgages or how the hunger for housing investment has taken the building sector into trouble. It’s just a way of introducing my new role in life and professional career; recently I moved from Brazil back to old Spain, moved from my old job and company to other milestone in my roadmap. It’s a way of introducing a very simple technique I recently used, as well. Let’s see.
I’m in the process of locating a geographical site (don’t need to get more details) and although all of us were very sure where we needed it I decided to double check by means of a facility location program (specifically, the Fermat-Weber Problem), and using Google Earth for establishing the coordinates. Bull’s Eye!. Just where we thought!.
PD. It’s like a high school application, however I’m very excited since is my first real-world professional application of OR. Let’s go ahead!!!.
I’ve already bought the presents. they were ordered from Brazil to an American company which manufactures in China, and they will be sent to my P.O.Box in Spain. I will deliver, of course, personally to my relatives the December 24th at the evening.
All procurement has been managed by my mother-in-law; food and drink won’t lack. I’m not an expert cook, so I will step down in the kitchen, however I will be master Sommelier (well, the wine taster!!!) and probably will manage the deliveries to the table (OK OK, the waiter!!!).
Finally, the only thing cannot get wrong is the flight: Brazil to Spain. Because, as the old Spanish Xmas ad says: “Come back, come back home for Christmas”. It needs to be the perfect OM!
Merry Xmas to everybody.
I recently finished the essay on the integration of “total cost of ownership”/”total cost of procurement” within Kaplan & Norton’s “Balanced Scorecard”. At the moment is just a preliminary version and regretfully only available in Spanish (I’m hoping to have the final version ready in English soon). By the moment, here you have!
Title: Procurement Process Efficiency Analysis: Looking for a Managerial Monitoring Tool .
Abstract: By means of the procurement process analysis and the deviations of the optimal behaviours associated to the company’s strategy, a monitoring process is proposed. We base our proposal on the total cost of ownership in order to offer a synthetic procurement index for the balanced scorecard.
Keywords: procurement efficiency, total cost of ownership, balanced scorecard, data envelopment analysis.
JEL Classifications: D21, L21, M10.
Link: TCP.pdf
Hi pals,
I’m in the process of writing an essay on the efficiency of the procurement function within the enterprises and I’m finding some interesting facts.
You’ll agree with me if I say that most of the current literature balances around TCO (total cost of ownership), but this is not what is godsmacking me. Surprisingly (or not!), is the e-industry which is monopolising TCOs here and there. Good job Mr Big Blue!.
Just as a matter of interest, I’ll use “total cost of procurement”. Yes!, TCP, as in TCP/IP, we’re in a draw!.
ITT: WMS needed!
Features required:
- Receiving
- Directed put-away
- Cross-docking
- Order/wave planning
- Picking
- Packing
- Shipping
- Report generation
- Inventory control
- Cycle counting
- Transaction logging
- Value-added services
- Kitting
- Simultaneous RF and paper operation
- Multi-lingual and user-defined dictionary support
- Cluster and batch picking
- Expanded serial/lot number tracking
- Expanded weight and metrics capture
- Interleaved task management
- Multi-level BOMs
- ASN and multi-SKU container receiving
- System-directed replenishment
- AI CHIP IMPLANTED ON THE BRAIN OF THE OPERATIVES WHICH ARE GOING TO TRY BY-PASSING THE SOFTWARE COMMANDS!!!
Nothing is perfect! Please send your proposals to wh47dh311@1984?.kom
