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Strategic Procurement Operation, Purchasing Strategies, Integrated Corporate Strategy

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A PROACTIVE STRATEGIC PROCUREMENT OPERATION, PURCHASING STRATEGIES, INTEGRATED CORPORATE STRATEGY

ASSIGNMENT 2
Student Number
@00413426

February 2015

Table of content

1. Abstract 3
2. Chapter One: Procurement, Strategic Procurement and Corporate Strategy 4
3. Procurement functions- competitive advantages 7
4. Procurement functions- Reducing Waste in Value Chain 9
5. Chapter Three: Integration of Purchasing strategies with corporate strategy 11
6. Reasons for the Growth in strategic role of procurement
7. Challenges in achieving Procurement growth in practice (examples) 12
5. Chapter Four: Conclusion 19
6. Refrences 20
7. Miscellaneous 21
8. Appendices 22

ABSTRACT
Procurement being the acquisition of goods, services from external sources, at the best possible cost, appropriate time, quality, quantity and place in order to meet the needs of the requester.
In the business world today, Procurement in organisationshas evolved from the traditional transactionalbased purchasing of goods to strategic procurement of goods, services and innovation driven functions which enhance the growth and visibility ofProcurement departments in todaysbusiness world.
This write up is aimed at discussing the functions of procurement in organisations, its strategies and focus, the reasons for procurement growth in organisations and the need for its strategic alignment with the corporate strategies while also focusing
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