Strategic purchasing teams frequently update and add
technologies that measurably reduce costs, decrease cycle time,
and make the purchasing process more efficient.
Developing Project Plans: Strategic
Strategic purchasing teams consolidate spend across all parts of
their organizations and enter into contracts with a limited
supply base to serve the needs of the entire organization.
Forecasting: Strategic purchasing
teams regularly document changes that they
foresee in price
levels, availability, and markets to ensure a competitive
advantage for their organizations.
Involvement in Spec Development: Strategic purchasing teams are
involved at the early stages of specification development,
lending specialized knowledge in material availability, cost
drivers, standard parts, and reliability of supply.
Development of Productivity Tools:
Strategic purchasing teams develop tools
(e.g., RFP templates) so repetitive tasks can be done
more quickly and error-free.
Supplier Development: Strategic
purchasing teams don't blindly accept the suppliers and products
that are currently available. They work with suppliers to
develop new capabilities or products that will improve cost or