Purchasing for bottom line impact improving the organization through strategic procurement ellram lisa m birou laura m on amazoncom free shipping on qualifying offers purchasing for bottom line impact improving the organization through strategic procurement. Strategic procurement also known as strategic sourcing refers to the long range plan to ensure a timely supply of goods and services that are critical to an organizations ability to meet its core objectives strategic procurement incorporates actions aimed at reducing the overall supplier base negotiations communications and working to maintain long term relationships with suppliers . How does procurement impact the bottom line procurement strategies adopted by the procurement unit can erode or improve working capital position of an organisation if a buyer if capable to . The topics of purchasing procurement and strategic sourcing are all receiving significant attention as organizations attempt to improve the overall efficiency and effectiveness of their supply networks a better understanding of where the benefits can be obtained requires a thorough knowledge of some of the similarities differences and linkages between purchasing procurement and . More to the bottom line summary in a world of low growth operational efficiency is critical to achieving good results and competitive advantage a mckinsey study stated companies that have invested in developing best in class purchasing capabilities have nearly double the margins of those that have not a trend is also emerging of non executive director positions actively seeking a
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