> Purchasing Practices

To Centralize or not? (1)

How to Choose a Supplier
Quite often, organizations use price as the determining factor when considering which supplier to select. While price is an important determining factor, other dimensions such as quality, lead time and payment terms must not be overlooked. Here is a comprehensive list of criteria that may be used to make the best decision.

Four Methods to Reduce Purchasing Costs
In a typical organization, 80% of the purchasing transactions represent approximately 20% of the total dollars spent. Many organizations spend the same amount of money to process a $1,000 transaction as a $10,000 transaction. Here are four methodologies that may be deployed to reduce small value purchase transaction costs which involve consolidation and automation. Find out which approach will work best for you.