Key Factors in Global Purchasing Strategy
Once upon a time, purchasing was as simple as finding the best goods and services for the best price. Now, thanks to advancing technology, accelerating product life cycles, and the globally competitive market, purchasing has become a process that is both strategic and complex.
This presentation covers optimizing the purchasing process, including ensuring its alignment with the organization’s business strategy.
Attendees will learn:
- When does it make sense to buy? To make? To outsource? Offshore?
- How do you trade off issues such as quality vs. cost vs. delivery time vs. protection of intellectual property?
- What metrics should you use?
- How can you stay on top of a constantly changing business landscape that will always include mergers, acquisitions and investments?
- How can you make sure your decisions won’t adversely affect your supply chain?
- How can you manage work that’s being outsourced or sent offshore? How do you assure quality? What systems and infrastructure do you need?
- How can you leverage the movement towards sustainable development?