Best Practices study defines top-performing purchasing

Staff -- Purchasing, 7/15/2004 2:00:00 AM

Looking to benchmark against some of the top companies in the business? A recent survey by research firm Best Practices found that top-performing purchasing departments:

Run their organization with fewer than one procurement official for every 1,000 total company employees and score high in areas such as on-time delivery and lead times, indicating streamlined and automated systems that eliminate department waste, lower costs, and deliver improved customer service.
Support the realization of more than $150 million in revenue per procurement employee for a greater impact on corporate profitability and shareholder value.
Claim purchasing savings of up to 25% off retail/undiscounted prices through diligent negotiation (not including volume discounts or similar reductions offered to each customer).

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