purchase process best practices

Purchase Best Practices for Manufacturing Companies Purchase or Procurement expenses comprise a sizeable chunk - sometime even up to 60% of  all manufacturing company expenses. The cost of materials is market driven and manufacturing companies have minimum control over the same. Profitability of a manufacturing company therefore depends on having efficient & effective purchase practices. Implementing Purchase Best Practices is the way forward to achieve smooth-running purchasing process that focuses on cost efficient purchasing. What are Purchase Best Practices? Purchase best practices...