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Adopting Lean Practices for Effective Procurement

Procurement refers to the process of sourcing or obtaining goods and services. It involves the strategic implementation of Purchasing, as well as active interaction with both the internal customer and external suppliers.  Each company has their own processes and policies with regards to the implementation of these practices.

However, no single procurement policy is effective without streamlining the process and taking into consideration various ways where the company can save time, money, and other resources.  A good system or strategy is necessary for this process to be efficient and reliable while taking away opportunities for resource wastage.  All companies emphasize the utilization of sustainable product and to lessen wasted resources.  Subsequently, purchasers have expanded their resources to attain sustainable procurement strategies. 

Lean Procurement Strategy

One strategy is the Lean Procurement practices where companies utilize innovative web technology and web solutions to streamline the procurement process, reduce spending and provide measurable accountability.

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Zenaida de Guzman, DPSM
Zenaida de Guzman has substantive years of experience in the specialised field of procurement, and specifically in the aerospace industry, handling sub-contracting of materials for services. She holds a Certificate in Purchasing Management. Zenaida de Guzman is a member of the Singapore Institute of Purchasing and Materials Management (SIPMM). She completed Diploma in Procurement and Supply Management (DPSM) on September 2020 at SIPMM Institute.

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