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Purchasing Objectives

The document outlines 6 purchasing objectives: 1) ensure supply continuity, 2) manage purchasing efficiently, 3) develop supply base management, 4) align goals with internal stakeholders, 5) support organizational goals, and 6) develop integrated purchasing strategies that support organizational strategies. The objectives aim to provide an uninterrupted flow of goods and services while efficiently managing purchasing processes, developing supply sources, communicating with other departments, and aligning purchasing with overall business objectives and strategies.

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2K views

Purchasing Objectives

The document outlines 6 purchasing objectives: 1) ensure supply continuity, 2) manage purchasing efficiently, 3) develop supply base management, 4) align goals with internal stakeholders, 5) support organizational goals, and 6) develop integrated purchasing strategies that support organizational strategies. The objectives aim to provide an uninterrupted flow of goods and services while efficiently managing purchasing processes, developing supply sources, communicating with other departments, and aligning purchasing with overall business objectives and strategies.

Uploaded by

ghazia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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The Purchasing

Objectives
“Use the same measure for
selling that you use for
Purchasing”

1 Prepared By: M. Imran Taseer


2

Purchasing objectives
 Objective 1: Supply Continuity
 Objective 2: Manage the Purchasing Process
Efficiently and Effectively
 Objective 3: Develop Supply Base Management
 Objective 4: Develop Aligned Goals with Internal
Functional Stakeholders
 Objective 5: Support Organizational Goals and
Objectives
 Objective 6: Develop Integrated Purchasing
Strategies that Support Organizational Strategies
Prepared By: M. Imran Taseer
3

Objective 1: Supply Continuity

 Purchasing must support the


organizational strategies by providing an
uninterrupted flow of high-quality goods
and services that internal customers
require.
 Backdoor buying

Prepared By: M. Imran Taseer


4

Objective 2: Manage the Purchasing


Process Efficiently and Effectively
 Determining staffing levels
 Developing and adhering to
administrative budgets
 Providing professional training and growth
opportunities for employees
 Introducing procure to pay systems that
lead to improve spending visibility,
efficient invoicing and payment, and user
satisfaction
Prepared By: M. Imran Taseer
5

Objective 3: Develop Supply


Base Management
 Selects suppliers that are competitive
 Identifies new suppliers that have the
potential for excellent performance and
develops closer relationships with these
suppliers
 Improves existing suppliers
 Develops new suppliers that are not
competitive

Prepared By: M. Imran Taseer


6

Objective 4: Develop Aligned Goals


with Internal Functional Stakeholders

 Purchasing must communicate closely


with other functional groups, which are
purchasing’s internal customers.
 Including marketing, manufacturing,
engineering, technology, and finance.

Prepared By: M. Imran Taseer


7

Objective 5: Support Organizational


Goals and Objectives

 Thisobjective implies that purchasing can


directly affect (positively or negatively)
total performance and for that
purchasing must concern themselves with
organizational directives.

Prepared By: M. Imran Taseer


8

Objective 6: Develop Integrated


Purchasing Strategies that Support
Organizational Strategies
Effective supply market intelligence:
 Monitoring supply markets and trends (e.g.,
material price increases, shortages, changes in
suppliers) and interpreting the impact of these
trends on company strategies
 Identifying the critical materials and services
required to support company strategies in key
performance areas, particularly during new-
product development
 Developing supply options and contingency plans
that support company plans
 Supporting the organization’s need for a diverse
and globally competitive supply base
Prepared By: M. Imran Taseer

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