Operational Excellence > Purchasing

Effective purchasing means getting what is required as cost-effectively as early as possible. Today’s business pressures had build organizations requirement to the need of cut costs, achieving in shorter lead-times, reducing stocks and increase flexibility of operations. Factors like long-term relationships, sustainability, market position and your organization's capabilities came into account and so do planning and vendor rating tools. Purchased goods and services can effects 50 percent of total costs, so effective purchasing management can yield huge profits to the organization.

Effective purchasing means getting what you need as cost-effectively as possible. Many of today's business burdens are, the need to cut costs, achieve shorter lead-times, reduce stocks and increase flexibility - affect purchasing. Factors like long-term relationships, sustainability, market position and your organisation's capabilities come into account and so do planning- and vendor rating tools. Purchased goods and services can account for 50 percent of total costs, so effective purchasing management can yield huge benefits.

THE MAJOR OBJECTIVES OF PURCHASING ARE TO

  • Value and quality of company’s product is to be retained
  • Minimize cash tied-up in inventory
  • Maintaining input and output flows
  • Optimizing the area of the organization in the competitive environment

PURCHASING MAY ALSO INCLUDE

  • Development and analysis of the product specifications,
  • Receipt and alteration of requisitions,
  • Advertising for bids,
  • Assessment of bid,
  • Award of supply contracts,
  • Inspection of good received, and
  • Their appropriate storage and release.

There is no single, simple formula for excellent purchasing. The commercial purchasing role is different from the call-off role; the role of purchasing investment projects differs from its role in bulk industry companies. Buying services vary from buying materials. Buying on spot markets has different dynamics from buying futures. Purchased goods and services can account for 50 percent of total costs, so effective purchasing management can yield high benefits.

What Rajput Jain & Associates Offers

Rajput Jain & Associates have knowledge of the purchasing role and the different characteristics and factors affecting a purchasing department. Our expertise and large experience in many industries and business processes will help you to advance your purchasing processes and organization.

Happy Customers

200+

Projects Completed

550+

Serving Since

2009

Contracts Signed

700+

Learning Center

Rajput Jain & Associates

India's Largest Business Services Platform

Private Limited Companies are those types of companies where minimum number of members is two and maximum number is two hundred. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company. Identifying marks of a private limited company are name, number of members, shares, formation, management, directors and meetings, etc., The maximum number of directors shall have to be mentioned in the Articles of Association. In the grand of privileges and exemptions, the Companies Act has drawn a distinction between an independent private company and other private company which is a subsidiary to the other public company.

Download Company Profile

AITC (Association of Internation Tax Consultants)

We are the exclusive member in India of the Association of International Tax Consultants, an association of independent professional firms represented throughout Europe, US, Canada, South Africa, Australia and Asia.

AITC

Enquire Us

Please send us your query and we feel very happy helping you

Testimonials

  • Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.

    A US consultancy group

  • Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.

    A Leading Service Provider

  • We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.

    A Leading Consultancy Firm in Dubai

Clients we are serving

​Just to name a few; we serve 300+ clients across the Globe

RJA Social Network

There is a Planty You Can Find...
Just follow our blog, facebook page and other social media profiles

Knowledge Zone

Publications

Publications

Press Releases

Press Releases

Newsletters

Newsletters

Archives

Archives

Photo Gallery

Photo Gallery

Our Videos

Our Videos

Legal Disclaimer--

The information contained on this website merely provides details of our firm to persons who have shown interest in knowing more about us and is not intended to solicit work or advertise our capabilities in any manner. The information provided on this website is general in nature and should not be used as a basis of decision-making without further professional advice. The third party site links are only provided for ready reference of the users and CA Rajput Jain & Associates neither controls their content nor undertakes any responsibility regarding them.

© 2016 Rajput Jain & Associates | All Rights Reserved