To get the most out of the purchasing function, top-performing companies redefine its role and ensure that its goals align with corporate strategy.
Better purchasing can be beneficial in surprising ways, some far removed from purchasing itself.
"The term “financial skills” covers a range of activities that a professional buyer or procurement executive needs to have if they are to deliver value for money and manage commercial risk for their organisation. However, these skills are not always covered by conventional training which means that a buyer could be creating needless exposure both for themselves and their career as well as their organisation."