Building an Effective Procurement Organization 1st Edition Iryna Povoroznyk 1604278501 9781604278507

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Product details:

ISBN 10: 1604278501 

ISBN 13: 9781604278507

Author: Iryna Povoroznyk

Building an Effective Procurement Organization presents essential steps for advancing procurement practices to a world-class level, describing the fundamentals of procurement management and how to build a solid foundation for success. Povoroznyk emphasizes the importance of mastering the basics before diving into more complex procurement concepts. With clear explanations and practical examples, this invaluable resource is for anyone looking to develop their procurement management skills and enhance their organizations’ purchasing power. For entrepreneurs and suppliers, this book will become a source of insider information about the structure of the procurement service of their corporate clients and the tasks that owners and managers of companies set for buyers.

Table of contents:

Chapter 1: Procurement Spend: How Much Is Not a Lot?
Assessing the Scale: Where to Start
Procurement Performance Management
Procurement Customer Experience Evaluation
Key Chapter Ideas
Endnotes

Chapter 2: Benchmarking: A Procurement Health Check
What Is Benchmarking, and Why Do We Need It?
How to Work with Benchmarks
Key Chapter Ideas

Chapter 3: Action Plan: Strategy and Tactics
Designing a Procurement Function Development Strategy
Refining Tactics for Strategy Implementation
Change Management
Key Chapter Ideas
Endnotes

Chapter 4: Category Strategies: A Magic Pill or a Recipe?
What Are Procurement Category Strategies?
The Category Strategy Development Process
How to Make Category Strategies Work
Is a Category Strategy Always Necessary?
Total Cost of Ownership and Cost of Procurement
Category Strategies and Markets
Essentials for Spend Management Success
Key Chapter Ideas
Endnotes

Chapter 5: Procurement Savings: Everything You Did Not Spend
How to Achieve Procurement Savings
Procurement Savings Calculation Methods
Key Chapter Ideas

Chapter 6: Procurement Organization Models: Centralize or Not?
Main Functional Procurement Blocks
What Procurement Centralization Really Means
Functional Management—Segregate and Consolidate
Procurement Outsourcing
Key Chapter Ideas
Endnote

Chapter 7: Operational Efficiency: Processes Within Processes
Emergency Purchases
Planning and Control of the Procurement Process and Budget
Procurement Cycle Planning
Demand and Inventory Management
Technical Specifications
Selecting Suppliers and Managing Supplier Relationships
Key Chapter Ideas
Endnotes

Chapter 8: Procurement Risks: Identify and Mitigate
Markets and Prices
Operational Processes
Supplier and Supply Chain Reliability
Business Ethics and Procurement Malpractice
Information Security
Procurement Risk Mitigation
Key Chapter Ideas
Endnotes

Chapter 9: Procurement Policies: Your Rules to Play
Procurement Policy Objectives
Structuring the Policy Document
Key Chapter Ideas

Chapter 10: Digitalization Can’t Wait Any Longer
Why Digitize?
Justification of Spend for Digital Solutions
Why Is Digitalization Not Taking Root?
Key Chapter Ideas
Endnotes

Chapter 11: The Procurement Team: Who Are All These People?
Procurement Skill Set and Team Development
Teamwork and Motivation in Procurement
Key Chapter Ideas
Endnotes

Chapter 12: Procurement of the Future: Dreams and Reality
Automation Versus Digitalization: What’s the Difference?
Procurement and Business Sustainability
Key Chapter Ideas
Endnotes

Chapter 13: What’s Next? Turning Theory into Practice
What They Don’t Write About in Books
How to Justify Investment in the Procurement Function
How to Ensure the Changes Take Hold
Key Chapter Ideas

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Tags: Iryna Povoroznyk, Building, Procurement, Organization