3/10/2017 16WaystoProcurementSavings

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in-house training Procurementsavingscanbemadeinanumberofareas
withinaPurchasingDepartment.Theaimofprocurement
Video on Demand
savingsaretodrivedownprocurementcosts,improve
What's New suppliertermsanddecreaseproductprices.Waystodothis
Purchasing Management include:
Purchasing Strategies
1.Reviewingsupplierstermsanddiscounts.
Purchasing Negotiations EnsurethataMasterAgreementexistsforallthesuppliers.
First
Discusswithyoursuppliersastowhenyoumaymake
Vendor Management procurementsavingsbyalteringyourpurchasingpatterns.Itmay
Name
Contract Management bethatbypurchasingslightlymoreproductsyourautomatically Last
receiveahigherdiscount. Name
Materials Management
2.Consolidatingsuppliersanddeliveries JobTitle
Tender Management Makesavingsindeliverychargesandthecostsofacceptingthose
deliveries.Processingthepurchasingdocumentationandpayment Company
Inventory Management
processingchargeswillalsofall. Email*
Cost Management
3.Consolidatingpurchasingrequestsandintervals
Phone
Strategic Sourcing Thiscutsdownondeliverycostsandpurchasingdocumentation.
Global Sourcing City
Reviewingpurchasingrequirements
E Procurement Country
Thisensuresthatonlystrictlynecessarypurchasesare
RFIs/RFQs/RFPs made.Itwillcutdownonexcesscostsandstorage Pleasesendmeweeklyprocurement/

Board of Advisors costsandisagoodwaytoensurethatacompany sourcingtipsandspecialoffersontrainings

makesprocurementsavings.
contact us
Disclaimer 4.Purchasingfromagreedcatalogues
Ensurethatonlyonebrandortypeofaproductispurchased.
Privacy Policy Duplicationcanbeexpensiveandisunnecessary.Higherorders
Copyright Notice fromonesupplierleadtobetterdiscounts.

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3/10/2017 16WaystoProcurementSavings

5.Reviewingstocklevels CustomSearch
Search
Stockleftinwarehousesisdeadmoney.Itcostsmoneyto
store,candeteriorateandbecomeobsolete.
6.Reviewingthespecificationofpurchasedproducts.
Isitpossibletobuyalowerspecthatwilldothesamejob? Purchasing&
Recent 7.Reviewreplacementstrategies ProcurementVideo
Articles Renewitemsonlywhennecessaryandnotasaroutine Presentations
replacement.Takecaretofactorinthecostofwaitingfora
Strategic replacement.Soitisnecessarytoreplaceanimportant
machinerypartonaregularbasisbutitisnotnecessaryto
Cost

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replacemostlightsbeforetheyfail.
Management
Implementation 8.Ensuringthatthecorrectmanagementcontrolsareinplace
Adheredtothemforadhocpurchasesinparticular.Arethe
correctpeopleorderingtherightproductsforthejob?Thisshould
Findoutthe
cutdownonexcessorincorrectpurchasing.
factorsthat
9.Trainstaffoncosteffectivepurchasingandencouragethemto
affectyour
savemoneywheneverpossible.
strategiccost
10.Computerizingthepurchasingprocess. TenderManagement
management
Thiscostsmoneytostartwith,butbyspeedingupand Process
initiativesand simplifyingpurchasing,savingsshouldbemade.
the2
11.Linkingthepurchasingsystemtotheinventoryandaccounting
directionsfor systems.Thisnotonlysavesinstaffingcostsbutalsocutsdown
strategiccost onmistakes.
management 12.Usingetechnologytobequickerandcutdownon
implementation. communicationcosts.Thisalsoenablespurchaserstoaccess
suppliercataloguesandenhancesthechoiceofproductsthatmay
ReadMore leadtopurchasesavings.
13.Usingtenderingandprocurementauctionstodrivedowncosts
andimproveterms.
WhatIs ProcurementBest
Contract 14.Centralizedisparatepurchasingfunctionalities,whichallows Practices
forsavingsinstaff,processesandtechnology.
Management?
15.Centralizewarehousingwhichcangivegreatrealestateand
Whatis staffsavings.
contract
management? GoodmanagementofthePurchasingDepartmentiscrucialto
Discover7 aprofitablecompanyandprocurementsavingscanonlybe
criteriafor beneficial.Thereareaconsiderablenumberofwaystomake
contract procurementsavingsandallstaffandmanagersshouldbe
management awareofthemandtrainedingoodpurchasing.
3Distinct PurchasingManagers

areasfor Roles

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the
componentsof Howtodospend
purchasing analysis
management
andhowcan
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components?

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Name
JobTitle

Company

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City

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Pleasesendmeweeklyprocurement/
sourcingtipsandspecialoffersontrainings

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