Have you lost control of Purchasing in your company yet? You might as well start planning now, because, apparently, you will!
How do I know this? One need only look at the plethora of articles written with titles such as, "Get Control Over Spend Before It's Too Late!" and "5 Tips For Purchasing To Regain Control," etc. Then there is the software which promises to do everything from syncing AP and Procurement, to predicting next year's holiday sales, to automatically notifying vendors of low volumes and reserving inventory in their warehouse for your company.
What the heck is going on?
This really isn't meant to be a facetious post. On the contrary, I am raising the very valid questions which ask, "Since all these solutions exist, why are we letting Purchasing Departments, spending, vendor management, get out of control in the first place? Why aren't departments in sync with each other right from the start? Why does an issue have to get to a crisis level before it gets attention?"
It's much more efficient time-wise and monetarily to avoid problems than to solve problems. Remember that line at the next Purchasing Department meeting and your company could end up featured in a "best of" article rather than the "look what we did to turn things around" type.
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