Buying the best

June 29, 2007

from vnunet.com

Procurement may not be rocket science, but it still demands constant attention, creative thinking and the application of strategic sourcing policies.

Until recently, many companies regarded procurement as a low-priority activity ruled by gut feelings and the black art of negotiation. But the application of technology to support strategic sourcing can make a radical difference to a company’s understanding of its procurement processes and the potential savings and benefits they can provide.