Purchasing has recently been in the spotlight as organizations have sought to manage spend tightly during the economic downturn. One aspect of the purchasing activity that is frequently fraught with internal conflict and misunderstanding is the actual process of...
QUESTION: “What should a typical procurement process like? Who should be responsible for getting approvals for items to be procured. Is it the person requisitioning the item, or should this lie with the procurement team?” — Assistant Administration Manager, Abuja,...
“Purchasing people don’t understand financials.” Purchasing is a source of problems. 37% of CFOs feel that Purchasing has either a negative impact or none at all. “Getting Purchasing to align its work with a company’s overall approach can be a frustrating task.” These...
