The five rights of procurement

The five rights of procurement

The five rights of procurement

The primary task of procurement is to provide the ‘right’ inputs for an organisation’s processes. The ‘right’ inputs are traditionally described as follows: – Inputs of the ‘right quality‘ – Delivered in the ‘right quantity‘ – To the ‘right place‘ – At the ‘right time‘ – For the ‘right price‘ These are often called the […]

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The five rights mean nothing without competent application

  Supply chain management is an exercise in managing risk. Supply risks can be found throughout the chain. But how much of that risk rests in the skills of professionals that manage a supply chain? Jim Makuwa argues that skilled professionals are the differentiator in great supply chains, in this month’s SmartProcurement. Supply chain management

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