Procurement Best Practices in 2015

Text-only Preview

Procurement Best Practices in 2015
One of the big advantages of BELLWETHER PURCHASING SOFTWARE is that all vendor,
price, procedural and other updates are automatic. That means these changes are
seamlessly implemented without any need for technical support. The problem with many
other types of PURCHASING SOFTWARE is automatic updates aren’t possible. Instead, all
updates have to be pushed out in a manual and time-consuming manner.
With other forms of SOFTWARE that don’t support automatic updates, developers have a
reason to avoid improving their software on a regular basis. But as anyone who works as a
PURCHASING MANAGER knows, this field continues to expand and evolve. As a result,
many types of software quickly become outdated and end up making life harder for
purchasing managers instead of helping them save time.
Since BELLWETHER PURCHASING SOFTWARE isn’t constrained by those types of
limitations, we spend a lot of time speaking with p urchasing managers about thei r
workflow. By making these conversations a priority, we’re able to come up with new ideas
that we can implement to make Bellwether Purchasing Manager Software even more
useful. And because talking to purchasing managers allows us to stay on top of what’s
happening in this line of work, we thought it would be helpful to spotlight a few of the best
procurement practices for the current calendar year:
The Current State of Procurement
If you’ve been in this field for awhile, you probably remember a time when your primary
mandate was to keep costs low. And your secondary mandate was likely along the lines of
ensuring that supply is available at all times.
While we can all agree that thinking along those lines is outdated, the reason it’s worth
bringing up is to show how far this field has come. In its current state, there are over a
dozen responsibilities that professionals like purchasing managers must consistently
Identifying opportunities for savings, prioritizing improvement initiatives, delivering
applicable quick win savings, improving spend visibility, ensuring proper integration and
improving performance management are just a few examples of what’s required of modern
purchasing managers.
How Procurement Best Practices Have Evolved
Since this field has see n such significant expansion, it’s not surprising that current best
practices have evolved as well. While you could fill an entire book with the procurement
best practices for 2015, the key takeaway is that this department needs to function in a way
that’s active instead of reactive.
For example, procurement professionals now need to have a detailed understanding of
their suppliers’ business practices. Although that’s a task that can take some ti me to
accomplish, it’s the perfect example of the type of practice that needs to be in place so that
a procurement department can run at optimal efficiency.
Powered by:
9900 Shelbyville Road, Suite 6B
Louisville, KY 40223, USA