How to solve problems when building a purchasing strategy?

Preparing and implementing a purchasing strategy is no easy task. All the more so because a strategy in this area that meets the needs of an organisation is not only a source of savings. It is also one of the most important competitive advantages and an excellent way to build customer satisfaction and loyalty.

What are the three most common problems in building a purchasing strategy?

Understanding the company's strategy

The key here is to find the right balance between the three, key elements of the strategy: Service, i.e. the level of customer service, Cost and Innovation. This allows the company's competitive advantages to be identified and translated into expectations from suppliers.

No data available

The first problem faced by managers responsible for purchasing management is the lack of data. This concerns both current data related to cooperation with suppliers and market data.

More often than not, organisations do not give adequate attention to the information collection process. They also do not have the tools to support data collection. As a result, they do not have an adequate range of data or have information of low quality

Lack of IT tools

The second major problem is the lack of an IT system to support the management of purchasing strategy. The lack of adequate technological support not only hinders the preparation of the strategy, but also prevents the systematic verification of its effectiveness and the design of corrective actions. Why?

An information system enables rapid and precise analysis of results. Modern technologies allow the automatic identification of the most important problems and assist managers in making decisions. And, crucially, they ensure that both analysis and decisions do not require tedious work and can be taken immediately.  

Eveneum solution

ESSA system eliminates the problems described above. We offer you a solution based on best purchasing practices implemented in leading companies in the automotive, aerospace and pharmaceutical sectors, among others. Thanks to the Supplier Portal integrated with the ERP, it provides real-time access to the Supplier Assessment Card and Competency Matrix. Implementation of ESSA allows sound purchasing decisions to be made in support of the company's strategy, as well as with regard to, for example, supplier segmentation, risk assessment or supplier compliance with purchasing policies.