Purchasing Strategies for Accountability Business Plan by Master Researcher

Purchasing Strategies for Accountability
A paper discussing how to formulate a purchasing strategy for an organization that actually supports the profit center and primary line of business of that organization.
# 89732 | 1,350 words | 4 sources | 2006 | US
Published on Dec 01, 2006 in Business (Management) , Business (Business Plans)

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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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APA Format

Purchasing Strategies for Accountability (2006, December 01) Retrieved January 19, 2022, from https://www.academon.com/business-plan/purchasing-strategies-for-accountability-89732/

MLA Format

"Purchasing Strategies for Accountability" 01 December 2006. Web. 19 January. 2022. <https://www.academon.com/business-plan/purchasing-strategies-for-accountability-89732/>