Determinants of a Modern Purchasing Department
 

Competition and technology are redefining the ways business is to be conducted today. The old and the by gone methods and concepts are giving way to the new ones. Purchasing being a key business function can't remain aloof.     After all, for many companies Purchasing is their real customer face Modernisation of Purchasing function is a priority. The purchasing function has changed dramatically over the last several years. And it continues to change and evolve almost daily. Following are criteria that determine if your Purchase department is a modernised one or not. One can use this checklist as a set of goals which you aspire. 1.The head of purchasing reports directly to the CEO of your company 2.Your department is responsible for procurement in "non-traditional" spend areas such as healthcare benefits, fleet management, facilities and construction, temporary labor, and travel. 3.Purchasing is actively involved in senior management level, long-term strategic planning 4.The purchasing staff is responsible for manually placing only a small percentage of your organization's purchase orders 5.Logistics and inventory functions either fall under Purchasing on the organizational chart or are integrated into the work of purchasing staff 6.Maverick buying is a thing of the past 7.When dealing with large, frequently used suppliers, no paper is exchanged between the time that a need for a product or service is defined until the time that the supplier receives payment 8.No major sourcing process is conducted without the use of a cross-functional team 9.You are buying from global sources and measuring non-domestic spend as a percentage of total spend 10.Your department has social responsibility goals and measurements in place    Articles on Materials Management..... Management's expectations From Purchasing Crisis in Purchasing & emergency Planning Negotiation Questions from suppliers that can Surprise you The Supplier Code of Conduct Entering into a Time and Materials Contract Supplier's bid Comparison Formula Supplier Diversity Program Determinants of a Modern Purchasing Department Negotiating With Suppliers Over their Policies Procurement Project Management Plan The Purchasing Risk Analysis Inventory Audit Checklist Hazards Of Purchasing profession Tactical vs Strategic Purchasing Demystifying Group Purchasing Organizations Suppliers' Secrets For Negotiating With Purchasing Cost Savings Reporting: Dot Your I's! Code of Ethics in Purchasing Six Sigma to Success           Home Stores Management Courses in MM MM Videos   Purchasing MM Softwares Inventory Management MM Articles E-commerce         [Sitemap] [About us] [Disclaimer] [Copyright] [Privacy Policy] [Link with us] [Contact us]