Building an Effective Procurement Organization: Best Practices for World-Class Performance
- 4h 56m
- Iryna Povoroznyk
- J. Ross Publishing
- 2024
Effective procurement management is essential for any organization looking to reduce costs, improve quality, and increase profitability. Building a truly effective procurement organization is a challenging multilayered effort that requires establishing a solid base for the deployment of best-practice solutions and ensuring long-term benefits from sustainable procurement operations.
Building an Effective Procurement Organization presents essential steps for advancing procurement practices to a world-class level, describing the fundamentals of procurement management and how to build a solid foundation for success. Povoroznyk emphasizes the importance of mastering the basics before diving into more complex procurement concepts. With clear explanations and practical examples, this invaluable resource is for anyone looking to develop their procurement management skills and enhance their organizations’ purchasing power. For entrepreneurs and suppliers, this book will become a source of insider information about the structure of the procurement service of their corporate clients and the tasks that owners and managers of companies set for buyers.
About the Author
Iryna Povoroznyk is an expert in strategic organizational transformation, operations management, digital platforms, ERP implementation, change management, and strategic sourcing and procurement. For the past 15 years, Iryna has managed the procurement of one of the largest companies in the metals and mining and energy sectors. She has a proven track record of building highly motivated teams and implementing successful large-scale transformation projects that are considered a best-practice benchmark by industry peers.
A frequent guest speaker at industry events, Iryna has developed procurement education courses for both the public and private sectors in Eastern Europe and lectured on the subjects of procurement transformation, procurement/supply chain efficiency, planning, IT/ERP systems, and digital applications in the supply chain. Iryna has conducted procurement initiatives in 10 countries during her career, exposing her to diverse cultures and business practices in Asia, Europe, the Middle East, and the Americas.
In this Book
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Introduction
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Foreword
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Procurement Spend: How Much is Not a Lot?
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Benchmarking: A Procurement Health Check
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Action Plan: Strategy and Tactics
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Category Strategies: A Magic Pill or a Recipe?
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Procurement Savings: Everything You Did Not Spend
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Procurement Organization Models: Centralize or Not?
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Operational Efficiency: Processes Within Processes
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Procurement Risks: Identify and Mitigate
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Procurement Policies: Your Rules to Play
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Digitalization Can’t Wait Any Longer
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The Procurement Team: Who are all These People?
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Procurement of the Future: Dreams and Reality
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What’s Next? Turning Theory Into Practice
