Purchasing Resources on BNET
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Purchasing

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BNET Business Dictionary

Purchasing
the acquisition of goods and services needed to support the various activities of an organization, at the optimum cost and from reliable suppliers. Purchasing involves...
Purchasing definition on BNET »

BNET Resources

Getting to Know the Decision-Makers
Often a team of key staff people will have influence in choosing a supplier for a company. This decision-making team may include staff members from various departments such as purchasing, manufacturing, marketing, and finance, and each individual team member will have influence at different stages of the purchasing process.If you're...
Tags: purchasing, decision-making, supplier
Articles 2007-05-08

Additional Resources

Innovative Purchasing Resources, Inc.
Purchasing functions today either suffer from having old purchasing systems or are being given new purchasing systems only because one happens to come with the finance package or enterprise-wide system that the organization really wanted. Once the value of a new system is clearly understood and can be articulated, purchasing...
Tags: finance
White papers 2003-01-01
Purchasing
Purchasing is not a service function, but a profit making activity. Materials are a large part of total cost; procurement is best handled as a separate distinct function reporting directly to the top level operating executives. Real purchasing job starts long before the specifications or requisitions are written. The...
Tags: procurement, supplier, job
White papers 2003-01-01
Purchasing Cards May get Boost from Internet
Purchasing managers believe that the purchasing card is about to get a shot in the arm from B2B e-commerce. Article explains that the cards too often are given to and used by people who do not have purchasing backgrounds. They duplicate other purchasing efforts and offer little help when a...
Tags: Reed Elsevier Inc., B2B e-commerce, card, B2B, supply chain, supplier, Internet
White papers 2001-01-11
Purchasing Card Best Practices For University Procurement
According to Hanover Research's paper on Purchasing Practices in Higher Education, institutions are continually seeking ways to better manage purchasing and incorporate more efficient, cost-effective purchasing systems in order to save on both purchases and back-end support costs. Many institutions have found that a standardized, controlled purchasing system based on...
Tags: University of Pennsylvania, best practice, procurement, strategy
White papers 2007-03-01
Thinking Beyond E-Sourcing to Maximise Purchasing Power
This article evaluates the options for organizations that want to better automate their strategic and transactional purchasing processes. It describes how investment decisions on e-procurement and e-sourcing solutions need to be considered as part of a wider purchasing and information systems strategy for the business as a whole. Finally, it...
Tags: Purchasing & Procurement, Business Briefings, e-Sourcing, e-procurement, information system, strategy
White papers 2002-12-17
Purchasing Clerk Job Description
The Purchasing Clerk job description template includes the following job summary: This job is located in the Purchasing Unit of the Financial Department of the Company and is under the direction of an immediate supervisor. The Purchasing Clerk is primarily responsible for performing typing and clerical duties related to the...
Tags: Recruitment & Selection, job, supervisor, financial
Tools & templates 2007-09-09
Growing Up And Out
An organization that has reached a high position in the global market, often tries its hand at purchasing other properties as well. However, the company should make sure that the property is worth purchasing or not. Researches indicate that most organizations, which resort to purchasing another property, are often disappointed....
Tags: CMP Media
White papers 2004-03-16
Crafting A Coherent Purchasing Strategy
Corporate purchasing is in the midst of a revolution triggered by the new world of electronic commerce. Businesses confront several options for handling online procurement and choosing the right one can turn a traditionally low-value function into a strategic advantage. As new technologies are affecting every business process, including the...
Tags: Purchasing & Procurement, Penton Media Inc., e-procurement, procurement, finance, business process, strategy, Web, software
White papers 2000-03-01
Leverage Your Freight Purchases
If you are in a service industry, this article will have little to offer you. Thus you may want to read on only if you are in a manufacturing business. This is because it talks about the purchasing staff getting more involved in freight purchasing to help their company buy...
Tags: manufacturing
White papers 2003-01-01
Best Tactics to Increase Program Growth: The Purchasing Card Benchmark Report
This report highlights a study where purchasing card program challenges, priorities, strategies, and technologies were surveyed to provide program management parameters and best practices. Issues of program control to enable new business and cost reductions are presented along with additional ways to drive value from purchasing card programs. The report...
Tags: best practice, card, cost reduction, strategy
White papers 2005-03-01
Doing More with Less: How Teams Can Help Manage the Commodity Management Process
Doing more with less is an issue that all purchasing departments seem to be wrestling with today. ConsumerPro (not its real name) is a consumer products company that has a surprisingly low purchasing headcount for the dollars of purchasing expenditure. In the past six years, direct materials purchased by this...
Tags: Team management, headcount, team, sourcing, best practice
White papers 2003-01-01
Supply Chain Management : Rating Effectiveness
The rapid advances in purchasing software and availability of user friendly spreadsheet programs have changed the way to manage purchasing effectiveness. The paper provides information at multiple levels which provides ample analytical opportunities and tools to manage the business of purchasing. The first step is to determine the...
Tags: PRODUCTIVITY, Supply chain management (SCM), spreadsheet, SCM, benefit, supply chain, marketing, performance, tool, software
White papers 2003-01-01
Purchasing & Sarbanes-Oxley Act: Where Sarbanes-Oxley Will Snare Your Company
Sarbanes-Oxley will change both the purchasing process and the level of executive interest in purchasing. Companies must now review every area impacting the numbers going into financial reports, and executives must sign off on their accuracy. Bringing purchasing into compliance with Sarbanes-Oxley is more than an end in itself. It's...
Tags: Sarbanes-Oxley, Regulatory compliance, Regulations, Verian Technologies Inc., Sarbanes-Oxley Act, compliance, benefit, financial
White papers 2004-08-02
No Finish Line: A View of the Future for Purchasing and Supply
"Purchasing and supply management affect much more than material and service flow, and current trends cast their role and importance in sharper focus than ever. Research to examine key change drivers for trends in organizations of all sizes and in all industries has been undertaken.The Major Issues and Predictions Drawn...
Tags: industry
White papers 1999-12-01
Purchasing Manager
The Purchasing Manager job description template includes the following job summary: Manages all aspects of purchasing including selecting and assessing vendors. Maintains records and supervises personnel. Additional information available includes essential job functions, additional responsibilities, and education and experience requirements.
Tags: Recruitment & Selection, job
Tools & templates 2007-09-09
How e-Procurement Will Impact Your Job
It is viewed that between buy-side systems, online catalogs, aggregator sites and reverses auctions, the Internet provides powerful tools to save money not just on commodity goods but on specialized parts and services. The article overviews that purchasing people can eliminate a lot of those silly calls and faxes that...
Tags: Purchasing & Procurement, Cygnus Business Media, e-procurement, fax, technique, job, tool, Internet
White papers 2003-01-01
Managing Catalog Quality
Article concludes that in implementing eProcurement systems, purchasing managers are pressured on many fronts: they need to achieve an anticipated ROI, yet their systems are starved for catalog content and the catalogs they do receive from suppliers often fail to meet technical requirements or reflect existing contractual agreements. Without a...
Tags: Purchasing & Procurement, Poet Software, e-procurement, ROI, supplier, agreement
White papers 2003-01-01
Expeditor-Purchasing
The Expeditor-Purchasing job description template includes the following job summary: Operates under the direction of the purchasing agent to expedite delivery of materials and services by conferring with vendors on status of orders - especially critical purchases - to eliminate difficulties and delays. Additional information available includes essential job functions,...
Tags: Recruitment & Selection, job, agent
Tools & templates 2007-09-09
Strength In Numbers: Doctors Discover Group Purchasing Power
From the executive summary: ‘Most organizations today, operate on the idea that purchasing power comes from buying in bulk. Long used by hospitals, the concept has now become popular among physician practices. The process encourages more doctors to improve financial performance by using group purchasing. As a result, many health...
Tags: HEALTHCARE, American City Business Journals Inc., physician, health care, financial
White papers 2004-05-21
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