PurchTips - Edition # 24
What Separates A World-Class Purchasing Professional From The Average Buyer?
By Charles Dominick, SPSM, SPSM2, SPSM3
Purchasing Expert Panel
From time to time, Next Level Purchasing, Inc. will pose a question to our Purchasing Expert Panel (PEP).
"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."
"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."
"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."
"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."
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.
Do You Want a More Rewarding Procurement Career?
Are you tired of not getting enough opportunities, respect, and money out of your procurement career? Well, guess what? Nothing will change unless you take action towards becoming a world-class procurement professional.
Earning your SPSM® Certification is the action to take if you want to bring the most modern procurement practices into your organization and achieve your career potential. Download the SPSM Certification Guide today to learn how to get started on your journey to a more rewarding procurement career!
Need Better Performance From Your Procurement Team?
Are you a procurement leader whose team isn't achieving the results you know are possible? Maybe it's not enough cost savings. Or frustrating performance from the supply base. Or dissatisfied internal customers.
You need a performance improvement plan that's easy to implement and quick to produce results. The NLPA can help.
Download our whitepaper "The Procurement Leader's Guide To A More Successful Team." You'll learn the 7 steps for transforming your staff into a results-producing, world-class procurement team.
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If you haven't been taking advantage of these benefits, why not log in and start now?
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