SOFT COSTS AND STRATEGIC PURCHASING

SOFT COSTS AND STRATEGIC PURCHASING

The key objective of the discussion is to create a better understanding of the “soft costs” associated with Purchasing and its impact on the Strategic Purchasing decisions. There are practical steps that can be taken by the company to reduce “soft costs” which link the Corporate Strategy directly to the supply chain management. We will examine the actual costs associated with “soft costs” and examine how clear strategy for growing and developing the supply chain strategy can reduce these costs and can benefit both the Company and the Supplier.

With ever increasing technology available and ever-increasing demands on Corporations to deliver high quality and high-performance products into the market place, Purchasing Departments are under greater pressure to ensure cost deliverables are controlled and profitability is maintained and increased. Soft cost control is one area often pushed aside as the pressure to deliver takes priority.

Key Take-Aways

SPEAKERS

Nick Price

Nick Price
Head of Purchasing

Deautz AG