I hope that you have enjoyed the article “The 25 New Rights of Purchasing, Part I.”

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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!

Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

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