PURCHASING BEST PRACTICES

X
 Formal Cost Saving Program X
CSR/Supplier Expectations
X
 Supplier/Commodity (Category) X
Optimize Inventory
Management & Strategy X
Leveraging Systems & Technology/Digital
X
 TCO Methodology Contract Management
X
 Collaborative Strategic Sourcing X
Achieving the Optimal Operating model
X
 Team-Based Procurement (Partnering with (Integration & Standardization)
the Organization) X
Supplier Risk Mitigation (Prioritizing Supply
X
 Transparency, Data Dashboards, Chain Risk)
Performance Measurements

Sources: KPMG, Procurement Strategy, Accenture, BHA, Coupa, ISM