Expert Panel

Purchasing and Supply Chain Community

Purchasing/Procurement & Supply Chain Management is an activity integral to the competitiveness of an organization. In order to be cost effective, the operations team requires materials to arrive just-in-time to avoid spending money too long before the product can be sold, it also requires competitive pricing on all consumables meeting specific quality standards in order to produce products that can be sold at a specific profit level. In addition to managing procurement of items to meet these requirements, typical job activities include establishing & qualifying multiple sources for procurement, managing relationships and researching competitive pricing, coordinating outbound transportation services and proactively negotiating to improve efficiencies and services to ensure a better cost position for the company.

Purchasing and Supply Chain Toolkit

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How would you describe your company’s sourcing function?