Strategic Procurement
3. OVERVIEW OF STRATEGIC PROCUREMENT
Strategic procurement defines a plan for optimizing external cost or spend, procurement operations in order to meet a firm’s core business objectives. Procurement is focused on establishing and maintaining relationships with external and internal customers, suppliers, third parties and leveraging corporate buying power.
According to Perlman 1990, Zenz and Thompson 1994, almost all of the organizations want to achieve lowest possible levels of risk and investment, together with ensuring adequate quality, avoiding waste and duplication when handling and controlling procurement. Thus, advanced internet technologies such as cloud computing helps to improve inefficient procurement processes by lowering administrative
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These actions are usually represented in purchase orders (POs). POs can be communicated via cloud computing such as Hotmail, Gmail and so on. Cloud computing can reduce the time of delivery and cut the fixed cost significantly in the procurement process. Also, cloud computing are cheaper and easier to install. Therefore, cloud computing has proven to be a highly effective tool for sourcing and procurement. Procurement has also been e-enabled through these cloud computing applications to support requests for information (RFIs), requests for quotes (RFQs), purchase orders, logistics arrangements and so …show more content…
It also facilitate instant interactivity between business partners instead of comparing with traditional ways like delivery, fax and so on. Also, it supports the shared access information in a wide variety of formats and thus it gives a better understanding on the products or services and enables the transmission of very complex file and document. Furthermore, it helps to overcome the limits of proprietary by facilitate date processing using different technology platforms and performance capabilities.
Analysts suggest that more than 50% of infrastructure will be outside the data center by 2020. Recently, even the U.K. government has announced on the plans to formally adopt a “cloud-first” procurement policy. This is because cloud-based solutions are a powerful tools in facilitating the shared access information within global supply chains. A global supply chain will cause consistent changing internal customers’ buying needs. If used correctly, it can helps in improving the relationships between suppliers by reduce the risk of
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