From the course: Lean Foundations
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Lean purchasing
- When it comes to the purchasing function, it's not all about negotiating price, it's all about understanding cost. I learned that from Professor Phil Carter, who was the head of Arizona State's Research Center on Purchasing and Supply-Chain Practices for many years. In traditional purchasing organizations, the goal is to contract for the lowest price possible for the service or item being purchased, recognizing that whatever is being purchased must meet your specifications. And I agree, this is an important goal, but lean purchasing goes beyond just cutting cost. The lean purchasing organization only buys what you need when you need it. In addition to getting the best price possible, lean purchasing has several other goals. One goal is to prevent shortages. For example, your responsibility is to ensure high quality from suppliers so that your factory does not shut down due to raw material defects, and you also must…
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