Subject Area: Procurement Savings
One of the main short comings that I see in the approach to indirect materials and spare parts management procurement is that many people don’t think past the key decision as to whether to stock or not to stock an item.
After they reach the decision to acquire a spare part often little thought goes into working through the best way to acquire that part. That is how to generate procurement savings through changes to the procurement process rather than reducing quality.
Here is a story about how one company achieved a 33% procurement saving by taking a different path.
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Posted by: Phillip Slater