Purchasing 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