Sourcing Strategies to Achieve Cost Reduction in Purchasing
Purchasing and Supply Chain | Workshop | 15 Apr 12 - 17 Apr 12
Dubai, United Arab Emirates

How to Manage the Sourcing Process to Achieve Real Cost Reduction in Purchasing? Purchasing, as a vital element of the company, must be able to function at top efficiency at all times. To do so, there must be flexibility and proper organization. Each purchasing manager must be able to review the purchasing function objectively and determine whether its current structure and system of operation fills the needs of the company as well as the needs of purchasing. In such an analysis, such matters as purchasing policies, job descriptions, operational procedures, and departmental structure must be considered with care. A preoccupation with "us versus them" purchasing that pits buyer against supplier; or "place and chase" purchasing, which places then expedites orders; or "three quotes and a cloud of dust" purchasing, which places emphasis on the lowest price rather than the lowest overall cost for the best value—all are indicative of 20th century vintage purchasing. The new breed of purchasing professional has added new dimensions to the responsibilities of physical supply management that will continue to help their organizations thrive in the 21st century.
Sourcing Strategies to Achieve Cost Reduction in Purchasing will address these critical management concerns and will provide practical techniques and vital information to enhance the purchasing function’s contribution to your organization’s bottom line.

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