Procurement perspective
•
Procurement
is an organizational capability that ensures
the firm is positioned to implement its strategies with
support from its supply base
–
Procurement looks up and down the entire supply chain for
impacts and opportunities
•
Goods and service account for 55 cents of every sales dollars
–
Focuses on building relationships with suppliers and downstream
customers
–
Involvement with outsourcing includes more than just purchasing
raw materials and parts
•
Also includes finding alternate sources for manufactured products or
services to help manage demand