Much more than THE PRICE IS RIGHT Available to Purchase

Purchasing has enjoyed a change of image in recent times. Once regarded as a peripheral, cost‐obsessed activity, it is now widely recognized as a potentially vital strategic discipline. Yet the ways in which many efficiency and financially‐based measures are employed reflect the outdated idea that purchasing is an add‐on cost to a business. A new approach to measurement is required that supports and reflects purchasing's value‐adding contribution.