The panic induced by a critical stock out, fuelled by poor forecasting and inadequate inventory controls, can often lead to reactionary, impulsive, simplistic decision making.
An over reaction to an unexpected event can impact negatively on an organisations operational efficiency, short term financial health and reputation.
Purchasing software is useful for analysing data and forecasting usage but a robust consideration of the most appropriate purchasing controls and supply management strategy is desirable, profitable, and key to adopting a calm, cautious and co-ordinated response to an unexpected event and/or issue.
For example, articulating your organisational financial instructions into a purchasing policy provides employees with budgetary responsibility the reassurance they are always acting in accordance with the organisations governance structure and rules.
Furthermore, the right purchasing and supply management strategy can provide an organisation with a competitive advantage.
We draw on 25 years of practical, real world purchasing and supply management experience, (backed up by academic theory, professional qualifications and continued professional development and knowledge) to deliver tangible plans on how your organisational can move closer to its financial objectives in the most cost effective way.
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