Operational procurement includes tactical services like management and processing of purchase orders (PO), invoice and payment management, supplier data maintenance.
- General overview
- Supplier management
- Supplier classification
- Supplier selection
- Contract management
- Price negotiations and price models
- Sourcing from low cost countries
- Supplier performance measurement
- Supplier communication
- Escalation management
- New Product Introductions and product innovations
- Supply chain process optimization
- Cost saving initiatives
- Supplier base optimization
- Improvement of existing procurement practices
- Operational procurement