Unplanned Purchases: Definition and optimisation strategy
Today we’re going to be talking about unplanned purchases, those unforeseen and often unexpected expenses that can pose serious…
Class C purchases: the strategy to adopt
Applying the Pareto principle to purchasing reveals that 20% of a company’s resources generate the majority of its sales, i.e. between…
Understanding the ABC method and its advantages
The ABC method, also known asActivity-Based Costing, is a cost management technique used to analyse and understand the full costs associated…
Pareto analysis: an ally for corporate buyers
In 1896, the economist Vilfredo Pareto formulated the Pareto principle, better known as the80/20 rule. This principle states that for many…
Indirect Procurement : Definition and Challenges
Are you familiar with indirect purchases? These often overlooked expenses can represent a significant proportion of your company’s…
Direct Procurement : Definition and Challenges
Of all the different types of purchasing, direct purchasing is often regarded as the beating heart of a company’s business. They are the…
What is the Kraljic matrix?
September 1983: Peter Kraljic publishes an article that profoundly changes the working methods and concepts of many purchasing departments .…
What are the different purchases types and families ?
Purchasing is an integral part of every company’s processes. No business is exempt from this rule, not even self-employed entrepreneurs.…
Direct and Indirect Procurement: what are the differences?
Can a bakery produce bread without flour or salt? Or without adapted kitchen appliances, utensils and fittings? Of course not! To run a…