Procurement is the business management function that insures identification, sourcing, access, and management of the external resources that an organization needs or may need to fulfill its strategic objectives. Procurement exists to explore supply market opportunities and to implement resourcing strategies that deliver the best possible supply outcome to the organization, its stakeholders, and customers.
Long range plans for ensuring timely supply of goods and / or services that are critical to a firm’s ability to meet its core business objectives
The development of a true partnership between a company and a supplier of strategic value.
Usually long term and single source in nature it addresses not only the buying of parts, products, or services, but product design and supplier capacity.
Agreements allow the mutual exchange of confidential information, proprietary restrictions, non-disclosure, non-compete, certification of processes, routine audits, delivery performance, quality performance, and joint control over a product or process.
At Nighthawk Consulting, we use advanced analytical methods to find better ways to identify suppliers, negotiate purchases, and manage contracts. We help you take advantage of the opportunities hidden in your data, before they become the problems you should have forseen.
The strategies and management used to approach the supply market, taking into account not just present needs, but also what the future needs of the organization might be.
Requires an active approach to market building for the goods and services critical to an organization’s viability. A buyer can and should influence the behaviour of the supply market rather than accept the way it is.
