Much more than THE PRICE IS RIGHT
Jon Hampson
(Ernst & Young's Management Consultancy Services)
Richard Lamming
(Director of the Centre for Research in Strategic Purchasing & Supply (CRiSPS) in the school of management at the University of Bath)
140
Abstract
Purchasing has enjoyed a change of image in recent times. Once regarded as a peripheral, cost‐obsessed activity, it is now widely recognized as a potentially vital strategic discipline. Yet the ways in which many efficiency and financially‐based measures are employed reflect the outdated idea that purchasing is an add‐on cost to a business. A new approach to measurement is required that supports and reflects purchasing's value‐adding contribution.
Citation
Hampson, J. and Lamming, R. (1997), "Much more than THE PRICE IS RIGHT", Measuring Business Excellence, Vol. 1 No. 2, pp. 30-34. https://doi.org/10.1108/eb025480
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited