The purpose of this book is to serve as an introduction to basic procurement concepts and principles for smaller to mid-sized companies and to address some prevalent myths while setting sustainable transformational objectives. A substantial amount of literature in the procurement space focuses on manufacturing, large-scale operations, and highly specialized concepts that offer limited applicability and perspectives for smaller organizations. Little of the available literature covers the extent of building, maintaining, and shaping procurement organizations by introducing key principles and drivers. The concepts covered in this book dos does not serve as the full extent of all procurement practices and approaches, however, they do provide focus on innovation and cultivate transformative ways of applying procurement lessons learned and perspectives.
This book illustrates and provides building blocks for driving objective and measurable outcomes that are aligned with the organizational goals. The objective of the following chapters is to provide some insight into strategic and transformative concepts that will guide organizational structure toward fact-based, objective and data-driven milestones aimed at producing tangible value and sustainable organizational prosperity. Although most applicable to smaller and mid-sized enterprises, business owners, CEOs, COOs, CFOs, CPOs, the contents of this book may be useful to companies of all sizes, across all industries, and irrespective of specific commodities focus. The universal, cutting-edge, transformational principles and themes provided in this book yield best practices and measurable value creation.
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