Purchasing process steps of the Coca-Cola company?

1. Identification of Needs: The Coca-Cola Company identifies its purchasing needs based on various factors such as production requirements, inventory levels, and market demand.

2. Supplier Selection: The company evaluates and selects suppliers based on predetermined criteria such as quality, reliability, cost-effectiveness, and sustainability practices.

3. Request for Quotation: The Coca-Cola Company sends a request for quotation (RFQ) to potential suppliers, outlining the specific requirements, quantities, and delivery schedules.

4. Evaluation of Quotations: The company receives and evaluates the quotations submitted by suppliers, considering factors such as price, terms and conditions, and supplier reputation.

5. Negotiation and Contract Formation: The Coca-Cola Company negotiates with selected suppliers to finalize pricing, delivery terms, and other contractual details. A purchase contract is then formed between the company and the supplier.

6. Order Placement: The company issues purchase orders to suppliers based on the agreed-upon terms and conditions.

7. Goods Receiving: Upon receiving goods or materials from suppliers, the Coca-Cola Company conducts quality inspections and verifies quantities against the purchase order.

8. Invoice Processing and Payment: The company processes invoices received from suppliers and ensures proper documentation and authorization before making payments.

9. Performance Monitoring: The Coca-Cola Company monitors supplier performance throughout the purchasing process, assessing factors such as quality, timeliness, and compliance with contractual agreements.

10. Relationship Management: The company maintains positive relationships with its suppliers through open communication, regular meetings, and collaborative problem-solving.

11. Continual Improvement: Coca-Cola analyzes and evaluates its purchasing process regularly to identify areas for improvement and optimize overall efficiency and effectiveness.

By following these purchasing process steps, the Coca-Cola Company aims to ensure a consistent supply of high-quality goods and materials while managing costs and maintaining strong supplier relationships.