What the many definitions of purchasing excellence shed light on are the many methods through which a company can capture this quality of excellence.
Procurement is a core function of any organisation and one that every other strategic and operational business function relies on for its own smooth trajectory. Up-to-date and future-focused procurement strategies have the ability to deliver higher cost savings, greater business efficiency, and a more streamlined operating model.
Investing resources towards optimising procurement to reach excellence then, is sure to yield high returns and sustainable growth for any company.