Welcome: The power of Procurement
The Procurement function is important for the development and profitability of every company regardless of its objective. Most companies must purchase a substantial portion of goods and services from other enterprises in order to complete their own products and services.
Procurement: The other side of the same coin
I was 26 years old in 1990 when I became purchasing manager of a major Greek high- tech and manufacturing corporation in 1990 and started studying my new mission. Very soon, I was surprised when I had to find out that there were so many books on sales and marketing, but only a handful on Purchasing.
Chinese and ancient Greek wisdom
Lookup the word CRISIS in an English dictionary and you will find that it means "times of great danger". The Chinese, however, have a different viewpoint. As we know, the Chinese language does not have an alphabet, it uses symbols. Simple words (meanings) are presented using one symbol,
A.T. Kearney House of Purchasing and Supply
In 1999, I received an invitation by the specialized consulting firm A.T. Kearney to participate in their global "Assessment of Excellence in Procurement" research project, to be conducted among "global champions" to identify "best practices" in various industries. This was a great challenge and an offer no purchasing manager could refuse.
Procurement: Balancing on many dimensions
It is often said, that Procurement is both a science and an art. The Purchasing professional must take critical decisions while evaluating many and sometimes antagonizing parameters. He and she must often even try to predict complex future development and arrange all relevant priorities according to the most realistic prediction.
Subcontractors: synergies and opportunities
Subcontractors represent a very special category of strategic suppliers for every company. The role of a subcontractor is to manufacture specialised components or subassemblies according to the unique requirements of the company and which otherwise cannot be sourced as standard components for various reasons.
