WHAT IS PROCUREMENT? Procurement 101: Procurement Management Process

摘要

Almost all companies are involved in buying and selling. Buying raw materials for manufacturing or finished products for distribution, companies seem to be more focused on the selling process than on the buying process. But consider this basic math: A company that spends one million dollars a year on purchasing can add $100,000 to its bottom line by saving 10% on how it makes its purchases. Procurement is not just about buying stuff, but much more. As with any cost control program, there should be a clear set of policies, procedures, metrics, and constant review. In other words, "Best Practices."