I hope that you have enjoyed the article “The 4 Worst Procurement Myths.”
I’ve actually saved one more myth for this blog. That Myth #5 is “Partnering with a single supplier is always the best approach.“
While using a single source can lead to benefits such as higher discounts due to fully-leveraged volume and streamlined communication, single sourcing can be very risky. What happens if supply from that single source is disrupted? Dual sourcing can offer highly leveraged volume while giving you a backup plan if one supplier fails to perform.
As mentioned in the article, the deadline for getting a 10% discount on Next Level Purchasing’s brand new online training offering: “The Finance For Strategic Procurement Series!” is coming up fast – July 14, 2010. The Finance For Strategic Procurement Series consists of two online classes that will help you comprehensively understand how to apply financial principles in your daily procurement work for better workplace results.
The Finance For Strategic Procurement Series is divided into two parts. Part I focuses on understanding financial statements and measuring and communicating a procurement department’s contribution to the organization. Part II focuses on how financial decisions are made and evaluating supplier health. You must complete Part I to be eligible to enroll in Part II.
To claim your discount and sign up for Part I or the entire series, use Coupon Code FINANCE622 at: www.NextLevelPurchasing.com/registration.php
To Your Career,
Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
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