Purchasing efficiency
When raw materials prices are on the rise, charging higher prices might at first sight appear a quick and attractive solution. But the true skill of a good purchasing department works at a higher level: over the long term it builds up an intelligent network of “best bidders”.
As in any good partnership, it is the balance of mutual give and take which engenders a sense of loyalty. For this you need clear structures, straightforward processes and an extensive cost awareness culture throughout the firm. Purchasing then becomes an exciting interactive scenario, where the volatility of needs, the volumes and the lead times determine the pace.
