A code of conduct with suppliers should not be viewed as a complete list of non-negotiable rules. It is a regulation that allows a company to take risks, but at the same time to safeguard its interests. A code of conduct is also a token of partnership, by which the buyer clearly expresses the requirement […]
We tend to concentrate too much on the purchasing process rather than on its major objective i.e. client satisfaction. If purchasing departments are focused only on the best price offers, then they will not build the company’s value.
What is the role of the purchasing organisation in the Purchase-to-Pay (P2P) process? How to find reserves in the area of purchasing handling and settlement? What KPIs to use for the monitoring of the P2P process efficiency in an organisation?
One of the latest Deloitte reports contains a comparison of profitability rates for two categories of companies: supply chain leaders and so called “followers” of an effective supply chain. The results illustrate the performance of the companies focused on chain supply as compared to the companies that do pay less attention to it. The outcomes […]
Companies have conducted advanced purchasing analyses for nearly two decades. During this time, the market adapted to a vast range of technological solutions. To summarise, the new expectations in the area of purchasing analysis have been stimulated by changes in IT, data management, new tools and technology. Such database solutions as in-memory computing, Big Data […]