10 Strategic Procurement Ideas

How Many of These Strategic Procurement Ideas Are You Using?

PurchTips Edition #346 Click here for the printer-friendly version

Picture of Charles Dominick, SPSM, SPSM2, SPSM3, author of this procurement article on strategic procurement.By Charles Dominick, SPSM, SPSM2, SPSM3

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Procurement is most strategic when it positively and measurably impacts your organization’s customers. With that in mind, here are 10 strategic procurement ideas.

    1. Reduce costs in a way that enables your organization to price its products/services more competitively
    2. Help suppliers improve quality in a way that enables your organization to improve quality to its customers
    3. Improve supplier delivery in a way that enables your organization to deliver its products/services to customers faster
    4. Improve supplier offerings/performance in a way that will increase the satisfaction of your organization’s customers
    5. Manage procurement in a way that presents your organization as more socially responsible to its customers
    6. Introduce ideas and innovations that enable your organization to launch new products/services or enter new markets
    7. Change processes so your organization is more agile in handling changes in customer demands & market conditions
    8. Improve processes in a way that makes your organization’s operations more efficient
    9. Implement changes that enable your organization to be more convenient for customers to do business with
    10. Reduce risk in every way practical

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Copyright 2016. This article is the property of the Next Level Purchasing Association and may not be copied or republished in any form without the express written consent of the Next Level Purchasing Association. Click here to request republishing permission.

By Charles Dominick, SPSM, SPSM2, SPSM3

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