Operations Payoff

Rick's Blog - your source for news and insights into Operations and Supply Chain Management.

Getting the Highest Value in Purchasing

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.

Five Stage Model of Purchasing

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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