Which is the right level of purchasing for your company?

Which is the right level of purchasing for your company?

Jan Vašek - Chief innovation officer Promitea
Jan Vašek
Chief innovation officer
Published

Effective purchasing, aligned with the company's key needs, contributes to long-term goals such as profitability, competitive advantage and growth in company value.

Which is the right level of purchasing for your company?

📌 Effective purchasing, aligned with a company's key needs, contributes to long-term goals such as profitability, competitive advantage and growth in company value.

📌The success of companies like Dell, Wal-Mart or Honda is partly based on well-managed purchasing and supply chain management.

📌The increasing share of externally purchased components and services, which can account for up to 80% of costs, increases the complexity and riskiness of supply chains.

📌However, many organizations still do not see purchasing as strategic, which leads to several mistakes, such as inappropriate centralization, poor purchasing strategy, weak purchasing processes and lack of purchasing knowledge.

📈 To improve, companies should gather a detailed overview of all purchases, analyze purchasing categories and strategies, and determine which solution delivers the greatest economic benefit.

📎 A continuous initiative to increase the added value of purchasing is also important.

🔑 Strategic buying that anticipates future profitable areas and innovative approaches is key to sustained growth in company value and shareholder returns.

Published
Jan Vašek - Chief innovation officer Promitea
Jan Vašek
Chief innovation officer
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