Subject of the Book

The subject of this book is Procurement Excellence of procuring companies, which is deemed a highly relevant topic for two reasons.

Importance of Corporate Procurement

Firstly, corporate procurement, respectively purchasing management, has witnessed a significant boost of importance over the last years. Increased outsourcing of services to suppliers and, simultaneously, commissioning of international subcontractors have heavily altered the responsibilities and job description of purchasers with regards to their contribution to the company's added value. Additionally, product developments along (global) supply chains are growing steadily.

Role of Digitalization

On the other hand, digitalization displays future-oriented alternatives for corporate added value and hence provides fundamental opportunities and necessities to reach and sustain global competitiveness. Logically, these developments shape the quality of procurement and its processes to suppliers.

Success Indicator

Only an excellent purchasing department can be an authentic success indicator within a company.

Focus of the Book

This book focuses on the two pillars of Procurement Excellence. To do so, a conception for categorizing and controlling purchasing performances, and a conception for categorizing digitalization will be illustrated in order to make differentiated statements regarding Procurement Excellence. Its two related dimensions will be merged within a final overall statement regarding Procurement Excellence.