Let us start the series of blogs with Toyota. As we all know Toyota was in headlines recently for exactly the opposite of what it is known for, QUALITY. Toyota's work in the filed of quality can be explained by the fact it was used as benchmark by other companies starting initiatives in quality improvement. So here are few post on the recent issue.
Learning from Toyota's stumble (Blog from HBR)
http://blogs.hbr.org/cs/2010/01/learning_from_toyotas_stumble.html
Analysts weigh in on Toyota recall
http://ow.ly/16tYBC
Decoding the DNA of Toyota Production System (HIGHLY RECOMMENDED)
(Article from HBR Sep. Oct. '99)... excellent article to read for industrial engineers, link can be accessed only through NITIE LAN as it is lib. resource, PDF file of same will be uploaded soon..
http://web.ebscohost.com/ehost/detail?vid=1&hid=3&sid=e9688d8d-507d-4a9c-af92-2df37a8816c4%40sessionmgr13&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=bth&AN=2216294
Managing Everything That Moves
http://ow.ly/16ulAW
Prem Rupareliya
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Good links.. actually the book "the Toyota Way" was another eye-opener for me .. but as breaking news would have it -
ReplyDeletehttp://economictimes.indiatimes.com/news/international-business/When-the-chief-stays-in-the-pits/articleshow/5532827.cms
http://economictimes.indiatimes.com/news/international-business/Toyota-gets-another-shock-Prius-catches-the-bug/articleshow/5532808.cms
http://economictimes.indiatimes.com/news/international-business/Toyota-grapples-with-PR-bungles/articleshow/5532793.cms
http://economictimes.indiatimes.com/news/international-business/US-steps-up-pressure-on-Toyota/articleshow/5532807.cms
This is UNPRECEDENTED in the history of Toyota
What is difference in Sourcing, Procurement and Purchase ???
ReplyDeleteProcurement is the acquisition of goods and/or services at the best possible total cost of ownership, in the right quantity and quality, at the right time, in the right place and from the right source for the direct benefit or use of corporations, or individuals, generally via a contract. Simple procurement may involve nothing more than repeat purchasing.
Purchasing refers to a business or organization attempting to acquire goods or services to accomplish the goals of the enterprise. Though there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes Expediting, Supplier Quality, and Traffic and Logistics (T&L) in addition to Purchasing.
In short, the consensus around the table was that ‘purchasing’ was still viewed by much of the business world as an administrative function, linked back to order management. Whilst ‘procurement’ steps away from the transactional side and is seen as more of a strategic function.
or Procurement is concerned with the overall gathering of resources, while purchasing is the specific act of acquiring something by paying money for it. Purchasing is one form of procurement.
for more info
http://esourcingplace.com/2008/02/29/procurement-vs-procurement/
http://toostep.com/question/is-a-difference-between-the-terms-procurement-and-purchasing