Purchasing Strategies for Accountability

Paper Summary:

This paper discusses the formulation of a unified purchasing strategy for a given organization. Particular emphasis is given to the integration of a statement of work (SOW) into the unified purchasing strategy in a way that ensures both optimum performance and contractor compliance. Additionally, the SOW should be organized around a performance orientation and the entire purchasing strategy needs to be integrated into the business strategy of the organization itself.

From the Paper:

"Purchasing strategies should, ideally, be linked to overall corporate strategy and organizational objectives as they are outlined by the enterprise's executive leadership. The implication is that purchasing strategies are a component of overall strategy development and not simply tasks that are left to low-level management to simply figure out. The corporate mechanisms that should be utilized to develop purchasing strategies that match these formulaic criteria are use of a steering committee that would outline the project management oriented research, benchmarks and milestones involved in the process as well as formulate a definitive set of objectives (Lowson, 2002)."

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