Value-added procurement

Author: Eberhard E. Schuh
Publisher:
Publish Date: 2003-01-01
Features: Procurement is obtaining the necessary raw materials and services through appropriate, reliable channels at the best cost. In this book, procurement is a routine business function that actively contributes to enhancing a company's competitive advantage, where value is the only consideration. This book proposes a new perspective on the procurement function: life cycle cost, total cost, and the internal and external relationship chains connecting company colleagues and suppliers are all factors that influence the added value of procurement. Procurement professionals from various disciplines form specialized teams, and through transactional functions within a certain relationship scope, they increase strategic value.