Modernized Business: The Quest for Quality, for Less

Let’s be honest. “Do more with less,” is probably the most common and constant refrain in today’s business world. It has become the mantra if you will for all companies and industries. Executive management has directed the lower levels of management to live by it and find ways to implement it. In turn, managers have made it a focus of all of their tactical planning. As a consequence, all areas of the business have been affected; they must reduce their costs and support an increased level of activity with the same or fewer resources. Procurement and purchasing have been at the center of this drive as the chief stewards of company spending.

Managers in procurement or purchasing fight this battle on two fronts: reducing the cost of the materials, supplies, and services purchased by their companies and increasing the efficiency of their own departments. In essence, they must be able to continually reduce the amount paid to vendors with the same or shrinking resources in terms of personnel and infrastructure. Doesn’t sound easy, does it?

The silver lining lies within the fact that typical or traditional purchasing or procurement methods have certain limitations. Manager frustration, stress, and on occasion, indigestion simultaneously rear their ugly heads to these boundaries. These methods were not designed necessarily to address the twin problems of continuous cost reduction and limited infrastructure to support the search, evaluation, and negotiation functions required to find quality products and services for less. New methods are BADLY needed to address both simultaneously. Enter: Procurex. The Strategic Sourcing method Procurex implements combines new technologies in IT and the internet with a systematized approach that allows even the smallest companies to, you got it, “Do more with less.” That's all for today folks.