Strategic Purchasing Technique to Manage Indian Organisations

Abstract

Traditionally in every company the procedural function of strategic purchasing is quite narrow. The key responsibility for purchasing usually is buying the parts that operator is needed on lowest possible cost, as such purchasing is most often a sub department of manufacturing and operations. However In present scenario purchasing plays a very important role from the usual shorter and opportunistic to integrated holistic and long term goals, further more purchasing strategy is no longer derivative from the operation strategy but is aligned to the business strategy. The result tested below a hypothesis on the strategic purchasing. The hypothesis tested with a survey of purchasing executives and the result were analyzed using a null hypothesis.