First-Time-Right Procurement

First-Time-Right Procurement

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Based on more than 10 years of practical experience in the field of supply chain management, Oliver MA¼nch indicates that in favor of sustainability within the supply chain the paradox purchasing savings can and should be substituted with the approach of the First-Time-Right Procurement. This dissertation subjects the monetary measurement of purchasing savings to a critical examination and questions whether it still applies. It indicates that monetary purchasing savings exert a negative impact on sustainable company success. In order to achieve a long-term sustainable success, it is proposed that the monetary measurement of purchasing savings can be replaced by measuring process times within the procurement organization.The datasets were recorded Microsoft Excel during the experiment. The Excel file also contained the ... Figure 49: Summary of datasets in Microsoft Excel Figure 51 : SIPOC-approach with implemented closed loop control. Data Analysis 179.

Title:First-Time-Right Procurement
Author:Oliver Münch
Publisher:Springer - 2015-01-27


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