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"What Separates A World-Class Purchasing
Professional From The Average Buyer?"


PurchTips - Edition # 24

By Charles Dominick

 

Purchasing Expert Panel

From time to time, Next Level Purchasing, Inc. will pose a question to our Purchasing Expert Panel (PEP).
Here are the PEP's responses to the above question:

"The purchasing professional thinks like a business owner. He or she understands the goals and objectives of the organization, understands the business climate, builds customer relationships, makes effective choices, and markets and sells the procurement function to both internal and external contacts."

Marilyn Gettinger, C.P.M.
President
New Directions Consulting Group


"There are several items which separate a world-class purchasing professional from the average buyer. The first item is purchasing with a strategic mindset. The purchasing professional focuses on ensuring his or her purchasing activities support the organization's strategic goals. The average buyer focuses on tactical purchases, or simply buying what he or she is directed to buy. A second item which distinguishes the purchasing professional is self-development. The purchasing professional continually seeks to promote his or her development by attendance at training seminars, continuing post-secondary education, reading and benchmarking practices of world-class purchasing organizations. The average buyer will do little more than attend mandatory training sponsored by his or her organization. A third aspect is supplier relationships. The purchasing professional seeks to develop partnerships with world-class suppliers who have competitive pricing, outstanding quality systems, on-time delivery and customer centricity. The average buyer focuses on finding suppliers with the lowest price without focusing on the total cost of ownership. A fourth aspect displayed by purchasing professionals is a desire to engage cross-functional teams in the purchasing process. This ensures adherence to specifications, team-building, and organizational acceptance of purchasing activities. The average buyer may participate on teams if asked, but does not seek to develop and lead these teams."

Adam Gustetic, C.P.M.
Manager, Supplier Management
University of Pittsburgh


"A world class purchasing professional should consider himself or herself not just a buyer but a supply manager. Such a professional will have a solid understanding of value analysis, target costing, strategic sourcing, the impact of technology on the discipline, and a cross-functional view of the business."

William D. Presutti, Jr. Ph.D., C.P.M.
Associate Dean/Associate Professor
John F. Donahue Graduate School of Business- Duquesne University


"World Class Purchaser - As the title implies, a World Class Purchaser is interested in the events of the business world both domestically and internationally. Keeping a pulse on new business trends throughout the world is critical to expanding the Purchaser's outlook and openness to different views, methods, tools and, in general, personal growth. Being interested in progress and improvement, World Class Purchasers look for avenues to improve their knowledge base via continuing education programs using their own resources as necessary because they thrive on learning and gaining new knowledge to become increasingly more savvy and effective Purchasers. They seek additional knowledge in order not to become outdated in their thinking or skill sets and continually challenge themselves regardless of their work status or employer's corporate culture. World Class Purchasers feel it is necessary to develop new abilities in order to continually achieve personal growth and improved job satisfaction. They seek more challenging opportunities because they are in the field they enjoy and are striving to learn from best practices. They do not hold dear or rely on old rules and outdated views of Purchasing which do not encourage progress and growth. They view their work as a career in development, continually seeking ways to improve results and test their new skills, rather than view the more narrow confines of their current abilities, skills and opportunities as all that is possible."
Paula Carpinelli, C.B.M., C.P.M., A.P.P.
Aircraft & Technical Buyer


"The world-class purchasing professional has an obsession with optimizing the key performance indicators of the overall organization through the application of purchasing best practices and continuous improvement."

Charles Dominick
President
Next Level Purchasing, Inc.

Are You A World-Class Purchasing Professional

We have taken the salient points from the comments of the PEP and converted them into the following checklist. Use the checklist to evaluate yourself and identify areas for improvement.

Spotlight On Professional Development Opportunities

Are these 7 little-known negotiating mistakes letting your suppliers laugh all the way to the bank? Look, even if you've successfully negotiated price reductions, you may not be getting the best deals possible. Knowing a few techniques is not enough. You especially need to know what NOT to do in a negotiation. In just 15 minutes, Next Level Purchasing's 15-Minute Tutorial "Negotiation No-No's" will teach you how to avoid the common negotiation mistakes that can cost your organization dearly. A "virtual negotiation" exercise allows you to assess your negotiation prowess.

When you register, you will get immediate access to the tutorial. You can take the tutorial whenever you want to over a 60-day period.

Plus, your online learning experience is 100% risk-free. If you are not satisfied for any reason, let us know within 7 days and you'll get a hassle-free refund.

For more information on this 15-Minute Tutorial and other online classes for purchasing professionals, visit:

www.NextLevelPurchasing.com

FREE Offer!!!

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