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Five steps to purchasing cost reduction

Five steps to purchasing cost reduction

Five steps to purchasing cost reduction The following five-step approach attempts to provide a general framework from which individual initiatives can be developed.   Step 1: understand the drivers for reducing cost Purchasing and other stakeholders must be fully committed to the cost reduction process. They therefore need to fully understand where the drivers for reduced cost are coming from.…

How to be CIPS Certified

How to be CIPS Certified

How to be CIPS Certified   Every organisation relies on buying things to run their business and as buyer you’re in an extremely powerful position. But because buyers often operate behind the scenes, many people aren’t aware of procurement and supply as a career choice. Top buyers are in huge demand around the world and can achieve extremely high positions…

Negotiation in conflict resolution

Negotiation in conflict resolution

Negotiation in conflict resolution One of the key roles of procurement is to develop and maintain co-operative working relationships in the organisation (through cross-functional consultation, consultancy and teamworking) and in the supply chain (through effective supplier, contract and relationship management). This involves a complex, ongoing process of managing diversity and difference. ‘Diversity’, because organisations and supply chains are made up…

Procurement Objectives

Procurement Objectives

Procurement Objectives   The general objective of purchasing is to obtain the ‘inputs’ required by an organisation for its operations. Different types of organisation will require different types of inputs: a manufacturing organisation may require raw materials or components to make into products; a retail organisation may require finished goods to sell on to consumers; while a service organisation may…

The meaning of purchasing

The meaning of purchasing

The meaning of purchasing   Doesn’t everyone know the meaning of purchasing? We all do it every day: purchasing food, newspapers, clothes, petrol, life assurance, transport services and a thousand other things. What’s more, many readers of this Course Book will already be doing it in a professional capacity in the course of their jobs: purchasing materials, components, services and…