The Centralized Procurement Management Status Of Z Company Analysis And Optimization Suggestions

In2011the Ministry of Finance issued《The regulations of the centralized procurement management of the state-owned financial enterprises》 financial institutions are gradually adopted centralized procurement act. This paper will use the case study of Z company is an example, for centralized procurement problems of financial institutions are discussed and the corresponding optimization measures.Z Ltd. is subordinate to a large foreign bank subsidiary company, established by the state-owned financial institutions, because of the implementation of time limited has a lot of problems in procurement management. Centralized procurement system is not scientific and not perfect, procurement procedures are not standardized, low efficiency, lack of effective purchasing information communication and sharing, the approval process is complex, the financial system is rigid, procurement cycle is too long, timeliness and realistic are disconnected, supplier management is not perfect, the deficiency of professional quality of procurement staff, procurement management idea lags behind etc.In this paper, through the analysis of the present situation of Z company purchasing management theory, analysis of the existence of Z company’s procurement management loopholes, and the use of comparative analysis, case demonstration method about and puts forward some corresponding measures on the existing problems, that is to strengthen the construction of centralized procurement management system, combing the procurement process, establish public information sharing platform, all kinds of electronic process, shorten the procurement cycle, improve procurement efficiency, establish supplier management measures, strengthen the team management from many aspects, by improving the system and ability training to establish of procurement personnel the compliance code of conduct. Through the detailed description of these optimization measures, author puts forward the viewpoint, all departments to understand each other and coordinate with each other is a prerequisite for smooth implementation of procurement management, for all types of suppliers, both suppliers of materials, or a service provider, or the decoration repair suppliers, purchasing department must coordinate the interests and rights, realize the goal of enterprise cost control. As for the management of the enterprise, improve their capability of centralized procurement management, reduce examination and approval level, straighten out the procurement approval process, given the purchasing middle level management basic permissions will undoubtedly improve the purchasing management level.In conclusion, the author wish the optimized purchasing management mode can better adapt to the development of Z company reducing the company’s daily operation cost, improve the efficiency of purchasing activities of the company, in order to provide better logistics support work. Hope this article on Z company and state-owned financial institutions focus on procurement management reform have certain realistic meaning and reference.