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Purchasing Departments are responsible for the three critical functions:Management of SpendingSupporting of OperationsProtection of the organization from RiskTherefore, Purchasing Management is the effective Planning, Organization, Leading, and Control of the purchasing function.There are 5 major Purchase Management Department structures:1.
Centralized: In a totally centralized purchasing environment, the only people who place purchase orders are the staff of the purchasing department.
Anyone who needs a product or service for their department must submit a requisition to the purchasing department, where a buyer will create a purchase order.
While this may be favorable in terms of the cycle time involved in placing an order as well as keeping the decision making within the area possessing the expertise about the purchased product or service, it is very unfavorable in terms of control and cost containment.
To keep decisions in the area possessing the expertise about the purchased product or service while also doing a better job of leveraging the organization's volume for discounts, some organizations adopt the lead divisional buying approach.
This structure ensures that Purchasing's labor is spent on strategic activities, rather than tactical activities like placing orders.5.
Here at Kronos Group, we believe in the transformational power of your procurement operations.
Our specialised procurement advisory services are designed to unlock your procurement arm’s full potential.
Our approach to procurement is value addition for every single aspect of your purchasing and supply chain operations from your procurement personnel to your outsourcing operations.
Longstanding partnerships with source-to-pay innovators like Ivalua help us deliver cutting-edge procurement solutions for all our clients.Find out how our purchasing advisory services create higher value addition for your business operations.
