I hope that you have enjoyed the article “The 25 New Rights of Purchasing, Part I.”
Let me address question posed in the subject line of this post: Are the five rights of purchasing obsolete?
Well, as you’ve read in the article, much has changed in purchasing since the “five rights” were a hot topic in the field. But you’ve also read that there is still relevance in those five rights.
So, while I wouldn’t say that the five rights are obsolete, I would say that the five rights are just a small part of what is expected of purchasing departments in the 2010’s. The perfect example in the article was how the Right Price has evolved into the Right Total Cost & Value. Price is still a component of total cost and value, but it lives alongside other components that have more recently garnered much deserved attention. That’s a micro example. A macro example is how the original five rights now live alongside 20 other rights.
Needless to say, purchasing is different today than it was 15-20 years ago. As the field evolves, so must its models.
I think that the 25 New Rights of Purchasing is a model for today’s generation of purchasing professionals, but it too will need to be updated for the next generation when the time comes. Until then, I think it will serve all of us in the purchasing profession well as we deal with the current practices and challenges in purchasing. I hope that you agree!