Procurement Best Practices Guide
This guide details 15 high value best practices for Procurement Department operations organized by function, including Vendor Contract Management, Logistics Management, Strategic Sourcing, and more. Use this document as a guide in implementing work activities in your Procurement Department that have proven to increase efficiency, cost effectiveness, customer service and work quality. The majority of OpsDog's best practices require no new technology and can be implemented without infrastructure or regulatory-related organizational changes. Order this document to point your Procurement Department in the right direction.
Which organiational areas and/or lines of business are covered in this best practices guide?
This guide includes details on 15 best practices (including a description of the best practice, comparison to the status quo, related KPIs, and benefits of the best practice over other common methods) covering the following areas:
- Logistics Management
- Strategic Sourcing
- Vendor Compliance & Audit
- Vendor Contract Management
- Vendor Identification & Management
Download a Sample Procurement Best Practices Guide
Frequently Asked Questions
Q: How do you determine what are best practices?
A: Through 25 years of research and hands-on consulting. We’ve been analyzing the operations of hundreds of industry leaders—including scores in the Fortune 500—since 1993. We have detailed, documented, and anonymized data, at the activity level, for proven best practice. We combine that with original research to create easy-to-use guides that give you an instant edge.
Q: How can your Best Practice Guides help me and my business?
A: They can drive improvement in both individual and company performance. Use our guides to train employees in the work methods that are proven to yield the best results. Learn and leverage from the best, rather than trying to reinvent the wheel. And do it easily, with clear written descriptions of each best, or leading, practice.
Q: Your download-able guides look great. But I need something custom. Can you help?
A: Heck yes. Our analysts would be happy to create a custom-tailored Best Practice Guide just for you. Give us your objectives and scope, and we’ll do the rest. Simply email us (firstname.lastname@example.org) or call us at 866.650.2888 and one of our friendly professionals will be happy to answer all your questions.
Customer & Vendor Setup
This workflow template illustrates the processing of requests to setup new vendors and/or customers within company systems, including vendor/customer data collection, entry, verification and...
Type : Workflow Template
Process Participants : Customers, Vendors, Sales Representatives, Procurement Staff, Master Data Management Staff
This workflow template illustrates the analysis, approval and purchasing of goods or services to meet company needs. Purchase and download this template in PDF, Visio and PowerPoint formats,...
Type : Workflow Template
Process Participants : Requesting Party, Purchasing Agent (or, Procurement Officer), Purchasing Manager, IT Department Staff, Finance Department Staff