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First-Time-Right Procurement
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This dissertation is based on a comprehensive literature survey and empirical research.
The exploratory study's findings indicate that monetary purchasing savings negatively
impact sustainable company success. It is evident that an alternative to savings must be
found, because they are incompatible with the objectives of supply chain management.
To achieve long-term success, is the author proposes that the monetary measurement of
purchasing savings be conducted by measuring process times within the procurement
organization. A new, quantifiable method is developed during the case study. The
former is not based on monetary factors and supports the objectives of supply chain
management.
This case study, conducted within the German defense industry, compares purchasingsavings
with supply chain management objectives. It shows that the objectives compete.
Compared to supply chain management objectives, purchasing savings also negatively
influence sustained corporate success. Furthermore, a quantifiable method based on a
definition of “quality in procurement” and the First-Time-Right principle is developed
that supports the objectives of supply chain management and is expected to have longterm,
sustained effects on the company's performance and to replace purchasing savings
as a performance measuring method.
Oliver Münch - Personal Name
978-3-658-08620-6
NONE
Management
English
2014
1-258
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