How To Measure Performance Of The Purchasing Function

Author : Filippos Siakavaras,Karsten Machholz
Publisher : BoD – Books on Demand
Page : 286 pages
File Size : 47,5 Mb
Release : 2021-06-17
Category : Business & Economics
ISBN : 9783754309308

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How to Measure Performance of the Purchasing Function by Filippos Siakavaras,Karsten Machholz Pdf

The purchasing function has been put in a leading position in many business sectors in recent years in terms of its impact on a company's competitiveness and consequently the company's value. Therefore, it is crucial to understand how the activities of this function are being accounted for and measured. This book addresses the hypothesis if the currently existing performance measuring tools and the role given to the purchasing function are valid and sufficient. Based on best practices (e.g. automotive) it investigates on what processes purchasing departments should focus on. The findings during a conducted research and the generated results have been taken as the basis for deriving an example for measuring the contribution of the purchasing function and its performance. It was found that the methodology was successful in measuring the contribution while making the influenced factors transparent. An applied case study based on best practices delivered the basis for a new target setting system in the form of measurement criteria for purchasing departments. This book presents a derived system that is valid and applicable in a real life environment. This book presents an adjusted way of measuring the performance of purchasing departments by introducing new ways. A methodology for the objective assessment of the contributing factors by defining the role of purchasing, its tasks, goals and direct and indirect influence on the company's value by using a scorecard system. The proposed system has been put in practice for validation. This book provides a significant step in understanding performance measurement of the purchasing function. The proposed methodology constitutes a scientific advancement, successful in quantifying (through a catalogue of criteria) the measurement of a purchasing department's performance, for the assessment of the purchasing function's contribution to the company's value (financial and non-financial contributors). Further views on the current role of purchasing in the automotive industry, if its role should be changed in the future as well as how the results of purchasing influences the company's performance are contained, too. In summary, this book is about increasing the awareness of the influence on capabilities and the impact of purchasing actions. The development of a criteria catalogue to measure correctly the monetary and non-monetary influence of the activities of purchasing to drive the company's value in a positive way.

Author : Derek Roylance
Publisher : CRC Press
Page : 192 pages
File Size : 55,5 Mb
Release : 2016-04-08
Category : Business & Economics
ISBN : 9781317073154

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Purchasing Performance by Derek Roylance Pdf

If the only measure of your organization's purchasing performance is forcing down prices from suppliers then not only is your purchasing team failing to add value, they may also be damaging your supply chain and the medium to long-term competitiveness of your organization. Derek Roylance's Purchasing Performance - Measuring, Marketing and Selling the Purchasing Function is a blueprint to help you identify the performance measures and marketing expertise that matter for your purchasing team. Buyers don't exist in isolation but often find it easier to focus excessively on the external market place leading to neglect and subsequent alienation of their internal customers. The book recommends operating the function as a business within a business. Part of this approach is to increase market share by better internal marketing and selling of their procurement expertise. The author provides practical methods for measuring purchasing performance and then communicating effectively - to the whole organization - the contribution the function can make to increase competitive advantage, profitability and all-round efficiency. In an intensely competitive world marketplace, purchasing can only achieve its true potential if it can persuade top decision makers that it will pay them to involve their procurement specialists in all major strategic decisions; the book shows how to achieve this top-level influence.

Author : Arjan J. Weele
Publisher : Unknown
Page : 252 pages
File Size : 44,8 Mb
Release : 1984
Category : Industrial procurement
ISBN : 9001939910

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Purchasing Control by Arjan J. Weele Pdf

Author : Erik Hofmann,Daniel Maucher,Martin Kotula,Oliver Kreienbrink
Publisher : Springer Science & Business Media
Page : 182 pages
File Size : 52,6 Mb
Release : 2013-10-01
Category : Business & Economics
ISBN : 9783642384394

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Performance Measurement and Incentive Systems in Purchasing by Erik Hofmann,Daniel Maucher,Martin Kotula,Oliver Kreienbrink Pdf

In recent years, purchasing performance measurement have steadily gained in importance in theory and practice. Yet, in many cases, the focus still remains on cost items, especially savings. Moreover, reported performance ratios in purchasing are frequently called into question in terms of their amount and efficacy. Most of the time, there is no tie-in at all with staff compensations. To meet these and other challenges, this book presents a holistic approach for purchasing performance measurement and the incentive systems associated with it. The following topics are dealt with in detail: • Purchasing performance measurement on the level of commodity groups and the procurement organization • Supplier evaluation and performance measurement on the level of the buyer-supplier relationship • Comprehensive systems for purchasing performance measurement, such as the procurement value added and the purchasing balanced scorecard • Performance-oriented incentive systems and bonus payments for buyers, procurement organizations and suppliers Readers are thus provided with comprehensive guidelines for the implementation and realization of sustained performance measurement and incentivization in purchasing.

Author : Materials Management Institute, Boston
Publisher : Unknown
Page : 168 pages
File Size : 49,9 Mb
Release : 1961
Category : Industrial procurement
ISBN : STANFORD:20501131208

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Measuring & Improving Purchasing Performance by Materials Management Institute, Boston Pdf

Author : Christian Baier
Publisher : Springer Science & Business Media
Page : 231 pages
File Size : 48,7 Mb
Release : 2008-08-11
Category : Business & Economics
ISBN : 9783834997517

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The Alignment Performance Link in Purchasing and Supply Management by Christian Baier Pdf

Christian Baier empirically investigates the alignment-performance link in PSM. His findings provide clear guidance to practitioners on how to design their purchasing strategies and practices to achieve maximum alignment and thus effectively contribute to the firm’s competitive advantage.

Author : Andrew Erridge,Ruth Fee,John McIlroy
Publisher : Gower Publishing, Ltd.
Page : 296 pages
File Size : 43,8 Mb
Release : 2001
Category : Business & Economics
ISBN : 0566083663

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Best Practice Procurement by Andrew Erridge,Ruth Fee,John McIlroy Pdf

This book presents a range of cutting edge perspectives on subjects which are central to improving purchasing performance, including supply chain management, outsourcing and partnership, professional development, IT and e-commerce, and performance evaluation.

Author : David F. Ross
Publisher : Springer Science & Business Media
Page : 792 pages
File Size : 44,9 Mb
Release : 2012-12-06
Category : Technology & Engineering
ISBN : 9781468400151

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Distribution by David F. Ross Pdf

It has been said that every generation of historians seeks to rewrite what a previous generation had established as the standard interpretations of the motives and circumstances shaping the fabric of historical events. It is not that the facts of history have changed. No one will dispute that the battle of Waterloo occurred on June 11, 1815 or that the allied invasion of Europe began on June 6, 1944. What each new age of historians are attempting to do is to reinterpret the motives of men and the force of circumstance impacting the direction of past events based on the factual, social, intellectual, and cultural milieu of their own generation. By examining the facts of history from a new perspective, today's historians hope to reveal some new truth that will not only illuminate the course of history but also validate contempo rary values and societal ideals. Although it is true that tackling the task of developing a new text on logistics and distribution channel management focuses less on schools of philosophical and social analysis and more on the calculus of managing sales campaigns, inventory replenishment, and income statements, the goal of the management scientist, like the historian, is to merge the facts and figures of the discipline with today's organizational, cultural, and economic realities. Hopefully, the result will be a new synthesis, where a whole new perspective will break forth, exposing new directions and opportunities.

Author : Richard S. Sloma
Publisher : Beard Books
Page : 276 pages
File Size : 50,6 Mb
Release : 1999
Category : Business & Economics
ISBN : 1893122646

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How to Measure Managerial Performance by Richard S. Sloma Pdf

Author : F. Albert Hayes,George A. Renard
Publisher : Unknown
Page : 602 pages
File Size : 52,8 Mb
Release : 1964
Category : Industrial procurement
ISBN : UOM:35128000174506

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Evaluating Purchasing Performance by F. Albert Hayes,George A. Renard Pdf

Author : Phillip L. Carter,Robert M. Monczka,Trish Mosconi
Publisher : Unknown
Page : 53 pages
File Size : 42,8 Mb
Release : 2005-01-01
Category : Purchasing
ISBN : 0945968639

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Strategic Performance Measurement for Purchasing and Supply by Phillip L. Carter,Robert M. Monczka,Trish Mosconi Pdf

Author : Mel Pilachowski
Publisher : PT Publications Incorporated
Page : 118 pages
File Size : 48,5 Mb
Release : 1996
Category : Business & Economics
ISBN : PSU:000044927202

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Purchasing Performance Measurements by Mel Pilachowski Pdf

Use this book to gain and maintain the competitive edge you need to stay ahead of the competition and to use measurements to continuously improve. The topics covered include "How to Gain Management's Commitment and Support", "How to Implement, and Why", "What to Measure, and Why", and "How to Use the Business Performance Grid".

Author : Stephen Carter
Publisher : Unknown
Page : 96 pages
File Size : 41,5 Mb
Release : 1998
Category : Purchasing
ISBN : 0340712066

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Successful Purchasing in a Week by Stephen Carter Pdf

A summary of the requirements of modern purchasing for buyers and all those involved in the buying process. Topics include: producing a winning strategy; selecting, managing and motivating key suppliers; minimizing costs in the supply chain; measuring performance; and continuous improvement.

Author : David Frederick Ross
Publisher : Springer
Page : 915 pages
File Size : 44,8 Mb
Release : 2015-05-14
Category : Business & Economics
ISBN : 9781489975782

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Distribution Planning and Control by David Frederick Ross Pdf

This third edition provides operations management students, academics and professionals with a fully up-to-date, practical and comprehensive sourcebook in the science of distribution and Supply Chain Management (SCM). Its objective is not only to discover the roots and detail the techniques of supply and delivery channel networks, but also to explore the impact of the merger of SCM concepts and information technologies on all aspects of internal business and supply channel management. This textbook provides a thorough and sometimes analytical view of the topic, while remaining approachable from the standpoint of the reader. Although the text is broad enough to encompass all the management activities found in today's logistics and distribution channel organizations, it is detailed enough to provide the reader with a thorough understanding of essential strategic and tactical planning and control processes, as well as problem-solving techniques that can be applied to everyday operations. Distribution Planning and Control: Managing in the Era of Supply Chain Management, 3rd Ed. is comprised of fifteen chapters, divided into five units. Unit 1 of the text, The SCM and Distribution Management Environment, sets the background necessary to understand today’s supply chain environment. Unit 2, SCM Strategies, Channel Structures and Demand Management, reviews the activities involved in performing strategic planning, designing channel networks, forecasting and managing channel demand. Unit 3, Inventory Management in the Supply Chain Environment, provides an in-depth review of managing supply chain inventories, statistical inventory management, and inventory management in a multiechelon channel environment. Unit 4, Supply Chain Execution, traces the translation of the strategic supply chain plans into detailed customer and supplier management, warehousing and transportation operations activities. Finally Unit 5, International Distribution and Supply Chain Technologies, concludes the text by exploring the role of two integral elements of SCM: international distribution management and the deployment of information technologies in the supply chain environment. Each chapter includes summary questions and problems to challenge readers to their knowledge of concepts and topics covered. Additionally supplementary materials for instructors are also available as tools for learning reinforcement.

Author : Michael A. Stolle
Publisher : Springer Science & Business Media
Page : 208 pages
File Size : 52,5 Mb
Release : 2008-07-10
Category : Business & Economics
ISBN : 9783834996954

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From Purchasing to Supply Management by Michael A. Stolle Pdf

Based on more than 200 interviews with Chief Purchasing Officers around the world and statistical analyses, Michael Stolle presents a new perspective on the challenges of organizational change in purchasing and supply management.