By incorporating purchasing goals and objectives into your 2017 plan, your business, client, or portfolio company will see big benefits. Veracity Business Services, Inc. can assist in setting impactful purchasing goals and objectives, establishing a plan to achieve them, and providing the expertise to concur them.
Make an Impact
For 2017, ensure that your organization, client, or portfolio company has specific goals and objectives related to purchasing. Purchases can have significant impacts on performance and profitability.
Be SMART
Some businesses’ purchases can account for 30-50% of operating costs. Make the goals and objectives SMART – Specific, Measureable, Assignable, Realistic, and Time-related.
Challenge Your Team
The goals should cover a minimum of the following key areas:
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Cost reduction and savings
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Minimizing cost increases and inflation
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Reducing risk and solidifying the supply chain
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Improving the supply chain interaction in the value chain
BEGINNING OF WINTER
TIME TO SET GOALS AND OBJECTIVES FOR 2017