Knity
Image default
Business

This is how you optimize the purchasing process

In many companies, the purchasing process can be improved. It can be much more efficient. Ultimately, this will save you a lot of time and money. It may also be an idea to outsource this process. If you outsource this, you can focus on the strategic issues that play a role within the organization. Read more in this blog about what a purchasing process is exactly, how you can organize it efficiently and what other advantages there are. 

What is a purchasing process? 

The purchasing process is the process of purchasing products and/or services. Indirect procurement is everything that supports the production process. These are, for example, temporary workers, office supplies, energy costs and maintenance. Indirect procurement is therefore not about the product itself, but about peripheral matters. Mainly the support facilities that are needed to make the process run as efficiently as possible. 

The process can be divided into 6 steps. 

  1. Specify 

  1. Selecting 

  1. To contract 

  1. Purchase 

  1. Monitor the correct delivery 

  1. Aftercare 

How do you set this up efficiently? 

Organizing your process efficiently brings many advantages. One solution is, for example, outsourcing the entire purchasing process. In this way you keep full control and you continue to determine which products are purchased. The execution is then outsourced. 

Reduce the supplier base 

The more efficient, the better. Organizing efficiently can save a lot of time and money. One way to do this is source to pay service. This provides a 360 degree insight into performance and expenditure. With Procure to pay, this is limited to the analysis and the purchased goods. The TCO will be reduced. TCO is an abbreviation for Total Cost of Ownership. This refers to the total cost of purchasing and owning a product or service. These costs will be a lot less if it is efficiently set up. 

 

Related Posts

How To Find A Radiation Shielding Solution That Works For Your Company