Value-added procurement

Author: Erhard E. Schumann
Publisher:
Publish Date: 2003-01-01
Features: Procurement is about obtaining the necessary raw materials and services through appropriate and reliable channels at the best cost. In this book, procurement is a frequent business function that actively contributes to enhancing a company's competitive advantage, where value is the only consideration factor. The 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 to increase strategic value by delivering functions within a certain relationship scope through transactions.