Buyer Behaviour
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Buyer Behaviour
Procurement is the process of locating and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. The term may also refer to a contractual obligation to "procure", i.e. to "ensure" that something is done. When a government agency buys goods or services through this practice, it is referred to as ''government procurement'' or public procurement. Procurement as an organizational process is intended to ensure that the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and fluctuations in the prices of goods. Organisati ...
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Classification Of Categories By Central Procurement Strategies
Classification is the activity of assigning objects to some pre-existing classes or categories. This is distinct from the task of establishing the classes themselves (for example through cluster analysis). Examples include diagnostic tests, identifying spam emails and deciding whether to give someone a driving license. As well as 'category', synonyms or near-synonyms for 'class' include 'type', 'species', 'order', 'concept', 'taxon', 'group', 'identification' and 'division'. The meaning of the word 'classification' (and its synonyms) may take on one of several related meanings. It may encompass both classification and the creation of classes, as for example in 'the task of categorizing pages in Wikipedia'; this overall activity is listed under taxonomy. It may refer exclusively to the underlying scheme of classes (which otherwise may be called a taxonomy). Or it may refer to the label given to an object by the classifier. Classification is a part of many different kinds of activ ...
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Purchasing
Purchasing is the procurement process a business or organization uses to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Purchasing is part of the wider procurement process, which typically also includes expediting, supplier quality, transportation, and logistics. Details Purchasing managers/directors, procurement managers/directors, or staff based in an organization's Purchasing Office, guide the organization's acquisition procedures and standards and operational purchasing activities. Most organizations use a three-way check as the foundation of their purchasing programs. This involves three departments in the organization completing separate parts of the acquisition process. The three departments do not all report to the same senior manager, to prevent unethical practices and lend credibility to the process. These depa ...
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Construction
Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the asset is built and ready for use. Construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or wikt:decommission, decommissioning. The construction industry contributes significantly to many countries' gross domestic products (Gross domestic product, GDP). Global expenditure on construction activities was about $4 trillion in 2012. In 2022, expenditure on the construction industry exceeded $11 trillion a year, equivalent to about 13 percent of global Gross domestic product, GDP. This spending was forecasted to rise to around $14.8 trillion in 2030. The construction industry promotes economic development and brings many non-monetary benefits to many cou ...
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Railway Company
A rail transport company is a company active within the rail industry. It can be: * a manufacturing company, * a rail transport operations, railway undertaking providing services through operating rolling stock, * a railway infrastructure manager. In some jurisdictions such as the United States, railway companies may combine these roles. Railway companies can be private ownership, private or public ownership, public. Structure In Europe, the EU requires its members to separate the national railway infrastructure managers from railway undertakings which are public and private companies providing services by operating rolling stock. This ensures conditions enabling the latter companies to competition, compete fairly among each other, with multiple companies bidding for the privilege to operate the line for a limited time period under public service obligation aided by railway subsidies or under franchising. In addition, other companies offer trackside and rolling stock maintenance. ...
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Military Logistics
Military logistics is the discipline of planning and carrying out the movement, supply, and maintenance of military forces. In its most comprehensive sense, it is those aspects or military operations that deal with: * Design, development, Military acquisition, acquisition, storage, distribution, maintenance, evacuation, and disposition of materiel. * Transport of personnel. * Acquisition or construction, maintenance, operation and disposition of facilities. * Acquisition or furnishing of services. * Medical and health service support. Etymology and definition The word "logistics" is derived from the Greek adjective meaning "skilled in calculating", and its corresponding Latin word . In turn this comes from the Greek , which refers to the principles of thought and action. Another Latin root, ''log-'', gave rise around 1380 to , meaning to lodge or dwell, and became the French verb , meaning "to lodge". Around 1670, the French King Louis XIV created the position of , an office ...
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Scribe
A scribe is a person who serves as a professional copyist, especially one who made copies of manuscripts before the invention of Printing press, automatic printing. The work of scribes can involve copying manuscripts and other texts as well as secretarial and administrative duties such as the taking of dictation and keeping of business, judicial, and historical records for kings, nobility, nobles, temples, and City, cities. The profession of scribe first appears in Mesopotamia. Scribes contributed in fundamental ways to ancient and medieval cultures, including Ancient Egyptian literature, Egypt, Chinese culture#Calligraphy, China, Sanskrit#Writing system, India, Persian literature, Persia, the Roman Empire#Literacy, books, and education, Roman Empire, and Illuminated manuscript, medieval Europe. #Judaism, Judaism, Buddhism, and Islamic manuscripts, Islam have important scribal traditions. Scribes have been essential in these cultures for the preservation of legal codes, religiou ...
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Pyramid
A pyramid () is a structure whose visible surfaces are triangular in broad outline and converge toward the top, making the appearance roughly a pyramid in the geometric sense. The base of a pyramid can be of any polygon shape, such as triangular or quadrilateral, and its surface-lines either filled or stepped. A pyramid has the majority of its mass closer to the ground with less mass towards the pyramidion at the apex. This is due to the gradual decrease in the cross-sectional area along the vertical axis with increasing elevation. This offers a weight distribution that allowed early civilizations to create monumental structures.Ancient civilizations in many parts of the world pioneered the building of pyramids. The largest pyramid by volume is the Mesoamerican Great Pyramid of Cholula, in the Mexican state of Puebla. For millennia, the largest structures on Earth were pyramids—first the Red Pyramid in the Dashur Necropolis and then the Great Pyramid of Khufu, bot ...
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Egyptians
Egyptians (, ; , ; ) are an ethnic group native to the Nile, Nile Valley in Egypt. Egyptian identity is closely tied to Geography of Egypt, geography. The population is concentrated in the Nile Valley, a small strip of cultivable land stretching from the Cataracts of the Nile, First Cataract to the Mediterranean Basin, Mediterranean and enclosed by desert both to the Eastern Desert, east and to the Western Desert (North Africa), west. This unique geography has been the basis of the DNA history of Egypt, development of Egyptian society since Ancient Egypt, antiquity. The daily language of the Egyptians is a continuum of the local variety of Arabic, varieties of Arabic; the most famous dialect is known as Egyptian Arabic or ''Masri''. Additionally, a sizable minority of Egyptians living in Upper Egypt speak Sa'idi Arabic. Egyptians are predominantly adherents of Sunni Islam with a small Shia minority and a significant proportion who follow native Sufi tariqah, orders.Hoffman, Val ...
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History Of The United States
The history of the present-day United States began in roughly 15,000 BC with the arrival of Peopling of the Americas, the first people in the Americas. In the late 15th century, European colonization of the Americas, European colonization began and wars and epidemics largely decimated Indigenous peoples of the Americas, Indigenous societies. By the 1760s, the Thirteen Colonies, then part of British America and the Kingdom of Great Britain, were established. The Southern Colonies built an agricultural system on Slavery in the United States, slave labor and Atlantic slave trade, enslaving millions from Africa. After the British victory over the Kingdom of France in the French and Indian Wars, Parliament of Great Britain, Parliament imposed a series of taxes and issued the Intolerable Acts on the colonies in 1773, which were designed to end self-governance. Tensions between the colonies and British authorities subsequently intensified, leading to the American Revolutionary War, Re ...
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Maintenance, Repair, And Operations
The technical meaning of maintenance involves functional checks, servicing, repairing or replacing of necessary devices, equipment, machinery, building infrastructure and supporting utilities in industrial, business, and residential installations. Terms such as "predictive" or "planned" maintenance describe various cost-effective practices aimed at keeping equipment operational; these activities occur either before or after a potential failure. Definitions Maintenance functions can be defined as maintenance, repair and overhaul (MRO), and MRO is also used for maintenance, repair and operations. Over time, the terminology of maintenance and MRO has begun to become standardized. The United States Department of Defense uses the following definitions:Federal Standard 1037C and from MIL-STD-188 and from the Department of Defense Dictionary of Military and Associated Terms * Any activity—such as tests, measurements, replacements, adjustments, and repairs—intended to retain or r ...
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Outsourcing
Outsourcing is a business practice in which companies use external providers to carry out business processes that would otherwise be handled internally. Outsourcing sometimes involves transferring employees and assets from one firm to another. The term ''outsourcing'', which came from the phrase ''outside resourcing'', originated no later than 1981 at a time when industrial jobs in the United States were being moved overseas, contributing to the economic and cultural collapse of small, industrial towns. In some contexts, the term smartsourcing is also used. The concept, which ''The Economist'' says has "made its presence felt since the time of the Second World War", often involves the contracting out of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, call center/call center support. The practice of handing over control of public services to private enterprises ( privatiz ...
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Indirect Procurement
Indirect procurement is the sourcing of goods and services not related to manufacturing for a business to enable it to maintain and develop its operations. The goods and services classified under the umbrella of indirect procurement are commonly bought for consumption by internal stakeholders (business units or functions) rather than the external customer or client. Indirect procurement categories include, but are not limited to: *Marketing-related services ( media buying, agencies) *Professional Services (consultants, advisers) *Travel and travel management services *IT related services (hardware, software) * HR related services ( recruitment agencies, training) *Facilities management and office services (telecoms, furniture, cleaning, catering, printers) *Utilities (gas, electricity, water) *Consumables (grease, oil etc.) *MRO ( Maintenance repair and operations) *Capital Goods (Plant and machinery) * Fleet management The overarching classification of ‘indirect’ can vary f ...
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