PPM at FOM Hochschule für Oekonomie & Management

Flashcards and summaries for PPM at the FOM Hochschule für Oekonomie & Management

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Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Procurement

Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Materials management 

Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Work in Process (WIP)

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Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Raw materials 

Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Auxiliary materials

Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Supplies (operating materials)

Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Bought-in parts

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Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Articles of trade

Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Production plants 


Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Spare articles

Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

Services

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Exemplary flashcards for PPM at the FOM Hochschule für Oekonomie & Management on StudySmarter:

PPM

Procurement

The business management function that ensures identification, sourcing, access and management of external resources  

PPM

Materials management 

the coordinating function responsible for the planning and controlling material flow.

  • Maximizing the source of the firm resources
  • Providing customer service 

Also known as distribution-/controll-/logistic- management 

PPM

Work in Process (WIP)

Materials have to be stocked before being transformed into finished goods(Inventar). That process reduced the amount of time that inventory spends in production is a good way to reduce the costs.


Purchasing: Operative processing task

Logistic: Physical flow of material 

PPM

Raw materials 

basic material which is used in the primary production or manufacturing of goods (fuel oil for chemical and plastic industry, lumber for furniture, or wheat for bread)

PPM

Auxiliary materials

are part of the finished products, but only in small value and/or quantity (condiment in pastries or glue in furniture)

PPM

Supplies (operating materials)

are inventory items consumed in the normal functioning of an organization. They are not part of the finished products, but necessary for production machines (lubricant and energy)

PPM

Bought-in parts

already made parts by other manufacturers (mattress for beds, seats for cars)

PPM

Articles of trade

to extend the own line of product (beverages in a bakery)

PPM

Production plants 


to replace older plants, to extend production capacity or to rationalize

PPM

Spare articles

due to amortization or to defect risk

PPM

Services

Immaterial goods (transport, facility management)

PPM

Information

important source for decision making at all levels and hierarchies in a company (information about products, markets, competitors). Partly generated within the company, partly from outside through market research institutes 


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