Objective 2: Manage the Sourcing Process Efficiently and Effectively
Purchasing must manage its internal operations efficiently and effectively, by performing the following:
• Determining staffing levels
• Developing and adhering to administrative budgets
• Providing professional training and growth opportunities for employees
• Introducing improved buying channels within the procure to pay systems that lead to improved spending visibility, efficient invoicing and payment, and user satisfaction
Purchasing management has limited resources available to manage the purchasing process and must continuously work toward improved utilization of these resources. Limited resources include employees working within the department, budgeted funds, time, information, and knowledge. Organizations are therefore constantly looking for people who have developed the skills necessary to deal with the wide variety of tasks faced by purchasing. Procurement people must be focused on continuously improving transactional-level work through efficient purchasing systems that keep suppliers satisfied, which makes life easier for internal users.