First-Time-Right Procurement: Substitution of the Paradox Purchasing Savings Through First-Time-Right Procurement (Ftrp)

By Oliver Munch and Oliver Münch

Based on more than 10 years of practical experience in the field of supply chain management, Oliver M nch indicates that in favor of sustainability within the supply chain the paradox purchasing savings can and should be substituted with the approach of the First-Time-Right Procurement.

This dissertation subjects the monetary measurement of purchasing savings to a critical examination and questions whether it still applies. It indicates that monetary purchasing savings exert a negative impact on sustainable company success. In order to achieve a long-term sustainable success, it is proposed that the monetary measurement of purchasing savings can be replaced by measuring process times within the procurement organization.

• Format: Paperback
• Language: English
• ISBN: 365808619X
• ISBN13: 9783658086190
• Release Date: February 2015
• Publisher: Springer Gabler
• Length: 243 Pages
• Weight: 0.79 lbs.
• Dimensions: 0.6" x 5.8" x 8.3"