What does strategic purchasing mean?
Strategic purchasing differs from operative purchasing in that it defines a purchasing strategy that consists of coordinated measures, which subsequently bring sustainable success to a company.
The purchasing or procurement strategy that was defined by strategic purchasing is coordinated with a company’s overall strategy. Product group strategies, which can ultimately be implemented in operative purchasing, are broken down in detail below.
Strategic purchasing attempts to optimize the following areas of emphasis:
- cost-efficient purchasing
- process-efficient purchasing
- manage globalization securely
- ensure innovation skills
- minimize risks in purchasing and along the supply chain
- determine the material and raw material demands (short, intermediate and long-term)
- determine the ideal time for purchasing for each product/ raw material
- utilize storage capacities efficiently (determine terms of transport, production times, etc.)
- ensure that there are enough supplies for the production department
- observe the market situation and the company’s position, and adjust the strategies accordingly
With its standardized ERP interfaces you can connect the spend cube of SpendControl within a short time frame to any ERP system (e.g. SAP, Navision, Oracle etc.).
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