The value of goods and services procured usually ranges between 25% ~ 75% of their sales.

This means that the company's suppliers directly define the overall competitiveness of the company and its products to a significant degree, by driving factors such as...

... cost,
... time to market,
... reliability,
... innovation and
... quality.

And of course, they influence to a significant degree the bottom line and the economic development of the company.

It is a key task of Purchasing professionals to maximize the value added to the company by its suppliers and to increase its competitiveness.

The companies that benefit the most from their Procurement function will secure significant competitive advantages...