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Facilities Management by Joel D. Levitt

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12

Purchasing and Stocking Materials

This chapter includes summaries of portions of the work of Michael V. Brown, President of New Standard Institute (Brown 2006).

A percentage of your budget dollar is spent on maintenance materials and spare parts. These materials range from toilets to paint to bug spray. Purchasing must balance cost, delivery, and quality. Material and service purchases account for a substantial percentage of operating costs in most industries.

The challenge is to find and acquire materials or services at the:

Right Time

Right Place

Right Quantity

Optimum Quality

Best Price

Furthermore, buyers must be skilled in:

Negotiating

Value Analysis

Purchasing Law

Ethics

12.0 Managing Material Vendors

Vendors supply all the ...

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