5 Ways A Good Purchasing Manager Can Improve Your Business

Purchasing is usually the center of successful supply chain management. They generally help other departments identify their needs, manage the requisition process and research competitive prices. Purchasing is often separate from account receiving and payable. Here is a short overview of what may be the top objective of the purchasing manager and their department. 1. Lower costs: This is the primary function of the purchasing manager. A well run department should allow you to achieve savings by choosing a mix of suppliers who can provide the best prices and terms. Profitable decision making is a very important requirement for this. 2. Value for Money Ensuring that what you buy has high value for the company is a key purchasing function. If you want to grow your business by offering low-cost goods, a matching purchasing management objective is to negotiate low supplier prices. If you want to increase profitability by charging premium prices for the highest quality, your purchasing managers have to ensure that your suppliers deliver the best products available. Review purchasing objectives and align the value they provide with company strategies. 3. Long-Term Relationships with Suppliers When you have long-term or exclusive relationships with suppliers, you often obtain lower prices, more reliable service and improved support. Your business strategy may be more effective if supported by such relationships. 4. Improve Quality Purchasing departments can help to improve quality by establishing levels for quality & track performance against those levels. Critical to all of this is durability, and the look and feel of the product. 5. Pursue Innovation The purchasing department is always in contact with a variety of outside businesses, so it can be an ideal source of innovative goods and services that can give the company a competitive edge, in price, quality and or convenience. #personalassistant #virtualassistantservices #time #smallbiz #clients

#freelancer #outsourcing #laptoplifestyle #inspiration#administrativeassistant #socialmediamanagement #productivity #onlineoffice #virtualoffice #career#timemanagement #officemanagement #motivation #oversightmanager #research #trishlewellyn #internmanager #purchasingmanager