World Class Strategic Sourcing Initiatives for Small and Medium-sized Procurement Organizations
Dr. Peter E. O'Reilly, C.P.M.
Dr. Peter E. O'Reilly, C.P.M., Chairperson, ISM Services Group, 480-471-2388; firstname.lastname@example.org
91st Annual International Conference Proceedings - 2006 - Minneapolis, MN
Size really does not matter when trying to achieve world class status for any procurement organization. Yes, there may be limited resources, such as staffing, technology and dollars, available to small and medium-sized purchasing departments, but the key to success is more related to the development and execution of strategic planning than to having ready access to those types of resources. Do not let the fact that your firm does not have a state of the art e-procurement system or a multitude of external consultants at your beck and call persuade you from working towards the lofty achievement of world class purchasing. There is much you and your staff can do to become a first class operation. Such a venture requires a belief in yourself, your staff, and the ability of your function to have a significant impact on your company’s bottom line.