Date Added: Jan 2010
Today's focus on cost reduction presents procurement with a rare opportunity to transform purchasing practices with strategic changes that push beyond immediate savings to achieve long-term competitive advantage. Yet purchasing managers are overwhelmed with all these demands, making it difficult to plot the path forward. The author has developed a road map to first guide purchasing through the short-term objectives of savings and risk mitigation. The road map then guides purchasing through the longer-term goals of transforming operations and strengthening purchasing role as a valued collaborator in shaping business strategy as the company journeys towards becoming a high-performance business.