Purchasing Strategies
The concept reviews the value and contribution of purchasing strategies to the overall corporate performance and the performance of other functions.
Technique Overview
Purchasing Strategies Definition
Purchasing strategies are "actions that [a] purchasing department may take to achieve its objectives" (Lysons and Farrington, 2006: 44). Purchasing strategies are aligned with corporate-level business strategies (strategic alignment) and with purchasing capabilities (purchasing efficacy) (Lysons and Farrington, 2006; Baier, 2008).
Purchasing Strategies Description *
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Business Evidence
Strengths, weaknesses and examples of Purchasing Strategies *
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Business Application
Implementation, success factors and measures of Purchasing Strategies *
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Professional Tools
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Further Reading
Purchasing Strategies web and print resources *
Purchasing Strategies references (4 of up to 20) *
- Baier, C. (2008) The Alignment Performance Link in Purchasing and Supply Management. Gabler Verlag.
- Baily, P., Farmer, D., Jessop, D. and Jones, D. (2005) Purchasing Principles and Management, 9th ed. Pearson Education: Essex, UK.
- Belcourt, M. (2006) Outsourcing: The Benefits and the Risks. Human Resource Management Review, Vol.16 (2), pp. 269-279.
- Buck, C.R. (1993) General Electric: Regional Healthcare Management, in P. Boland, ed. Making managed healthcare work. Aspen Publishers: Maryland, US.
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