Purchasing plays a fundamental role in Supply Chain management. Today, buyers not only have the function of procurement, but also the function of develop a strategic role that must be aligned with the company's objectivesAs a result of the constant changes in the business environment, the buyer has become a key player in efficiency.
Purchasing professionals have become an operational and strategic manager who contributes to the development of long-term business strategy, collaborating with other departments to align purchasing with corporate objectives.
What is the buyer's impact on the Supply Chain?
A good purchasing professional can optimize the supply chain, reducing lead times, managing inventories more effectively and avoiding interruptions in the flow of materials. In addition, the strategic planning of these professionals can benefit operational management in many ways:
- Long-term negotiation: By establishing long-term relationships with suppliers and negotiating long-term contracts, companies can obtain better prices, volume discounts and favorable payment terms.
- Waste reduction: Accurate planning allows you to adjust purchases to actual production and demand needs, avoiding excess inventory or the purchase of unnecessary materials.
- Supplier optimization: By analyzing the performance and costs of each supplier, companies can obtain better terms, reduced or adjusted prices and reduced logistics costs, such as transportation or delivery delays.
Companies that empower their buyers with tools, data and training are better positioned to meet market challenges. Today we celebrate procurement professionals who contribute to the success and competitiveness of organizations.
