
The Bermuda Triangle of Business Procurement
The message of the procurement as a yield generator has not yet reached all executive management floors. The classic and simultaneously hazardous way to increase turnover through a rise of the marketing and sales budgets or personnel reduction still has priority. The magic formula is called "procurement optimization".
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Global Sourcing - Opportunities for the Future
Globalization is often held responible for downsizing and increasing stress of competition. However, the opportunity to secure jobs and to strengthen one's own business and competitive situation lies in globalization itself. Professional global sourcing not only strengthens the entrepreneurial profit potential, which can be realized by sourcing from competent international suppliers.
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A Guarantee for Success
In the past, the procurement organization has played a subordinate role in many companies. This situation is beginning to change as more managers question the existing structures and processes of their procurement system. And rightly so: Because an efficient buying organization is the prerequisite for a lasting optimization of the purchase pricing system. The organizational models, such as a centralized or decentralized purchasing, still in use today, have proved to be the “ideal way” only in the fewest of cases.
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Purchasing Agenda 2020 – Procurement in the Future
What will have happened to purchasing and the procurement market in the year 2020? What are the effects of political and demographic change, as well as ecological and economical changes?
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Personnel in Puchasing - The Strategic Factor
In view of the dynamic markets and permanently increasing demands on the customers' part, ever more small and medium-sized enterprises come to realize the great importance of professional purchasing. Market requirements demand strategic, structural, organizational changes to ensure the competitiveness of companies. However, any procedural and organizational changes can only be as good as the people responsible for them. Thus, professional human resource management in purchasing plays a major role.
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Crime Watch Purchasing
For about 80 percent of German companies, the subject of compliance is high on the agenda today. A total of 41 percent of the companies with annual sales of more than EUR 250 million even indicate that it ranks »very highly«. Yet, 65 percent don't have any compliance management system, and 42 percent don't even have any compliance guideline – and that despite more stringent regulations regarding manager liability.The subject of compliance plays the most important role in the purchasing departments of enterprises.
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