Why We Love Procurement & Supply Chain Management (And You Should, Too!) Part 1

January 15th, 2015

Reason 1: It is new and exciting!

 

Today’s post is written by Heather Powell, CFT Director & Project Manager at SafeSourcing Inc.

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Sourced from: http://buyer.sellerinsights.com/2012/12/12/8-reasons-to-love-procurement/

Reason 1: It is new and exciting!

Supply chain management/procurement is new and exciting. It is the new global frontier of business and this is procurement’s golden age.

Purchasing has traditionally been regarded as a bureaucratic function at the organization’s edge responsible for ordering and replenishing supplies. It was concerned with paper pushing and form filling, in respect of transactions and supplies. However, buying has been elevated to new levels of importance and buyers have more clout than ever before. It is now a strategic business driver.

There are great advances being made in supply chain management/procurement, and yet there is a long way yet to go. Indeed, studies shows that only 16% of companies achieve procurement excellence, with 37% of companies at the bottom of the class. The rest are in the middle, or average category.

Stay tuned tomorrow for Part 2.

For more information on how SafeSourcing can assist you in exploring your procurement solutions for your business or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative.  We have an entire customer services team waiting to assist you today.

We look forward to your comments.

 

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