Advanced Purchasing & Strategic Supply Management
|Event Date/Time: Oct 26, 2009||End Date/Time: Oct 28, 2009|
World-class procurement organizations spend 30% less on procurement operations than their peers and operate with nearly half the staff,according to research into world-class performance from The Hackett Group, a business advisory firm. At the same time, these world-class companies achieve 60% higher return on investment (ROI) than typical companies and rely on less than half as many suppliers.
As a mid-level to senior purchasing professional, you are the key in the purchasing and physical supply process. Advanced technology, sophisticated marketing approaches, and expanded requirements for goods and services have made the purchasing job more complex than ever before.
What this means is that the same elaborate procedures, skill sets, and extensive efforts are being expended for the small, as well as large purchases. Therefore, the degree of skill exercised in the purchasing process can make the difference between profit or loss and between cost savings or cost overruns.
Today, purchasing must be the most progressive group in the company. Your systems, techniques, and operational theories must be flexible and dynamic. The typical philosophy of "We have done it that way for 20 years, so it must be good," or, "We make money in spite of ourselves!" does not apply to the 21st century.