Purchasing planning: a professional look into the future
In most companies, procurement accounts for around 50 percent of total costs. This makes professional planning for a sound purchasing strategy all the more necessary.
Purchasers must take into account factors such as developments in the raw materials market and exchange rates. They also need to consider whether a supplier will have to raise prices due to higher wage agreements. Fortune telling? Not at all! Trends can be identified using sound methods and incorporated into the purchasing strategy.
The foundation of strategic purchasing is, of course, transparent actual data that is projected into the future. What will future demand volumes be? Are technical changes to products planned? Which conditions and price components can be influenced at all?
Read the next eSOLUTIONS Report to find out how to set up professional purchasing planning.
