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2016-12-14 21:35:40 GMT 2016-12-19 17:00:00 (GMT -05:00) Eastern Time (US & Canada) Yes (click here to learn more about ) Closed 47 47 0 direct invitation(s) have been sent by the voice seeker resulting in 0 audition(s) and/or proposal(s) so far. Voice123 SmartCast is seeking 50 auditions and/or proposals for this project (approx.) Invitations sent by SmartCast have resulted in 47 audition(s) and/or proposal(s) so far.
It’s the tremendous purchasing power that gives the Company leverage with suppliers and agencies around the world.
This truly is a super power, because using our purchasing leverage well makes the business run faster, compete better, and generate more profit.
Coca-Cola’s purchasing power is optimized through a policy called Source-to-Pay.
It’s our guide for strategic and tactical sourcing … executing purchases … and delivering accurate payment for value received, while maintaining financial controls.
Every purchase must follow Source-to-Pay practices and procedures, which vary based on the size and type of transaction.
Let’s hit the highlights of how Source-to-Pay works.
Strategic Procurement is the lead player …
… and the ultimate source of know-how for selecting suppliers for all types of purchases.
Strategic Procurement delivers sourcing capabilities and advantages, and manages supplier relationships.
The Accounts Payable or P2P organization takes over once the supplier is selected and contract is executed …
Through its global, regional and local operations, Accounts Payable or P2P administers purchase orders and payments, and assists the requisitioning associate with tracking transactions from purchase order creation to payment.
Purchase orders are necessary for a transaction of $5000 or more, unless a specific exemption is approved.
Below $5000, a purchase can be paid for by other means such as a procurement card or direct payment.
$50,000 is a critical threshold. If the total value of a purchase is under that amount, the purchase can be handled without involving Strategic Procurement.
However, it’s still up to the requisitioning associate to apply the proper rules and controls for maximizing value and minimizing risk.
When a purchase is $50,000 or more, Strategic Procurement must be involved from the start.
Strategic Procurement has category experts with in-depth knowledge about buying all types of services and products.
And, these experts have the special skills needed to negotiate and sustain strategic vendor partnerships.
Different procurement categories have their own unique set of requirements, all spelled out or referenced in the Source-to-Pay policy.
You’ll find rules about the size and type of projects that require competitive bidding, as well as exceptions to the rule.
Fair bidding procedures are here to level the playing field for all prospective suppliers.
Naturally, the Source-to-Pay policy covers how we make supplier agreements official.
The policy explains when a supply or services agreement is necessary, and when a purchase order will suffice.
It also explains that contracts must be signed by or made binding on both parties, Coca-Cola and the supplier, based on the type of service or product being purchased.
Legal usually plays a role, since many supplier arrangements do require a formal contract, and special legal considerations are sometimes required based on geographical location.
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