ENGLISH

Building an Effective Procurement Organization: Best Practices for World-Class Performance

Book information

Publisher
J. Ross Publishing
Year
2024
ISBN
1604271965, 9781604271966, 9781604278507
Language
english
Format
PDF
Filesize
2 MB (1877009 bytes)
Pages
280\278
Time added
2024-05-25 19:27:40

Description

Effective procurement management is essential for any organization looking to reduce costs, improve quality, and increase profitability. Building a truly effective procurement organization is a challenging multilayered effort that requires establishing a solid base for the deployment of best-practice solutions and ensuring long-term benefits from sustainable procurement operations.   Building an Effective Procurement Organization presents essential steps for advancing procurement practices to a world-class level, describing the fundamentals of procurement management and how to build a solid foundation for success. Povoroznyk emphasizes the importance of mastering the basics before diving into more complex procurement concepts. With clear explanations and practical examples, this invaluable resource is for anyone looking to develop their procurement management skills and enhance their organizations' purchasing power. For entrepreneurs and suppliers, this book will become a source of insider information about the structure of the procurement service of their corporate clients and the tasks that owners and managers of companies set for buyers.   Key Features:Thoroughly explains all aspects of procurement management, beginning with benchmarking and category management and concluding with team collaboration and change management   Provides an overview of world-class procurement management best practices and applicable tools   Defines the strategy and tactics for executing a successful procurement department transformation, including team building and employee motivation   Describes how to build a custom procurement organization structure to meet the strategic goals of the overall business   Explains procurement and supply chain risk management, setting procurement regulation policies, and structuring procurement manuals   Discusses digital solutions in procurement, securing investment for procurement function development, and the future of procurement   Provides practical cases and examples to show how to put the described concepts into practice in your organization   WAV features selected tables and a template for procurement function strategy development--available from the Web Added Value section of the publisher's website at jrosspub.com/wav

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