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Champagne Isaac
12/10/2017
BMGT 1313 - Purchasing
Bain & Company is a Business Organization that aids in the Operation of other businesses. Their
goals are to help you identify, see and sustain savings opportunities across the procurement.
Bain uses 3 critical elements to help organizations identify growth opportunities. Spend X-ray,
helps you understand of what you’re buying, who’s buying and from whom. Buy better, spend
better booklet is a comprehensive plan to reduce spending. Capabilities in regards to talent,
organization structure and alignment to sustain the results that are achieved.
The Purchasing professional is concerned with the strategic planning because every
organization needs a strategic plan to know where the company is headed. Strategic planning is
all about setting the long-term direction of the company, knowing what the organization’s
goals. Intentions and values are. Strategic planning also helps the company achieve a
competitive advantage.
Strategic purchasing enables companies to foster close working relationships with a limited
number of suppliers. Promotes open communication among supply chain partners, and
develops a long-term strategic relationship orientation for achievement of mutual goals. This
implies that strategic purchasing plays a major role in promoting growth and value-enhancing
relationships and knowledge exchange between the company and its supplies.
Having a strategic plan doesn’t guarantee your success however it points the way forward for
the company. It both lays out the company’s goals and explains why they’re important. The
strategic planning process also helps you uncover ways to improve performance. It can, for
instance, spark insights about how to restructure your organization so that it can reach its full
