Corporate purchasing developments have been stuck in a tactical silo, mostly operating separately from other company functions and, for the most part, their suppliers. Supplier development can play a pivotal role in breaking down the walls of this silo and in doing so dramatically increase the positive impact a purchasing department can have on company financials. This presentation will review in detail several examples of these impacts.
• Understand how to change purchasing from tactical to a more strategic
arm of a company’s resources.
• Be able to detail financial impacts of supplier development’s support of
• Provide a template for companies wanting to transition to more
progressive supply management strategies and processes.
• Gain appreciation for how purchasing must evolve over time to adjust to
changes in business and markets.