A video I made back in 2012 on the five stages of purchasing management continues to be the most-watched of my YouTube videos. It’s about the continuum of value in purchasing management and what the most effective companies are doing.
You’ll see Total Cost of Ownership
there in the middle of the line, but over on the right are more sophisticated approaches like supplier partnerships, demand management, and design for supply chain management
(DSCM). Where is your company on this continuum?
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