Purchasing is a fundamental function within a company’s organization yet few understand the importance and direct impact it has within the supply chain.
The primary objectives of the purchasing function are:
- the creation of an effective procurement strategy
- obtaining a correct management of the supplier base, a relationship that has now become of primary importance from a functional and strategic point of view.
A lack of knowledge of the active areas of the purchasing department, often within the same company, is one of the main factors that lead to deviations from a correct execution of a company’s global integration, often resulting in real and consequential operational disagreements that extend to the corresponding market, and ultimately to the customer.
In an increasingly complex supply chain it is necessary to keep operating activities extremely simple
The lack of an integrated policy within a company can cause significant increases in costs and therefore the loss
of competitive advantages on the market. Knowing and integrating the functions of the various departments
allows for the creation an efficient business strategy.
THE AREAS OF ACTION OF THE PURCHASING DEPARTMENT