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Improving Your Company’s Procurement Process

Purchasing used to be the preferred term to refer to the process or department that handles a company’s supply chain. Each organization has a team that ensures that every material, supply, equipment, and services-from paper clips to flat-screen TVs to commercial cleaning supplies that are needed to run the business are available on time for employees to use to ensure delivery of products and services to end customers. In the 1960s, you have titles on business cards that read “Purchasing Manager.” Today, companies have Chief Procurement Officers (CPOs), and they typically form part of the executive leadership team that drives the corporate engine.

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