Procurement Reengineering (Purchasing Excellence Series)

Upper management is finally coming to the realization that the traditional Procurement Process is cost prohibitive and highly ineffective in itself. In particular shop and plant commodities such as Maintenance, Repair and Operating supplies (MRO) tend to absorb most the purchasing resources. The development of exciting new processes for Procurement can help elevate the often-battered purchasing profession, to new levels. In Procurement Reengineering, purchasing professionals finally have an opportunity to rid themselves of the often nagging reams of paper and non value adding bureaucratic activities and controls. In elevating the, heretofore, multifunctional procurement process into a continuous closed-looped process purchasing can now help direct the migration of transactions to suppliers performing as business partners through a process called Integrated Supply.