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First-Time-Right Procurement

Substitution of the Paradox Purchasing Savings through First-Time-Right Procurement (FTRP)

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  • © 2015

Overview

  • Wirtschaftswissenschaftliche Studie
  • Includes supplementary material: sn.pub/extras

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Table of contents (10 chapters)

Keywords

About this book

Based on more than 10 years of practical experience in the field of supply chain management, Oliver Münch indicates that in favor of sustainability within the supply chain the paradox purchasing savings can and should be substituted with the approach of the First-Time-Right Procurement. This dissertation subjects the monetary measurement of purchasing savings to a critical examination and questions whether it still applies. It indicates that monetary purchasing savings exert a negative impact on sustainable company success. In order to achieve a long-term sustainable success, it is proposed that the monetary measurement of purchasing savings can be replaced by measuring process times within the procurement organization.

Authors and Affiliations

  • Munster, Germany

    Oliver Münch

About the author

Oliver Münch obtained his doctorate degree at the Cyprus International University under the supervision of Assist. Prof. Dr. Ali Öztüren. He currently works as the head of supply chain engineering in a German defense company.

Bibliographic Information

  • Book Title: First-Time-Right Procurement

  • Book Subtitle: Substitution of the Paradox Purchasing Savings through First-Time-Right Procurement (FTRP)

  • Authors: Oliver Münch

  • DOI: https://doi.org/10.1007/978-3-658-08620-6

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Business and Economics, Business and Management (R0)

  • Copyright Information: Springer Fachmedien Wiesbaden 2015

  • Softcover ISBN: 978-3-658-08619-0Published: 10 February 2015

  • eBook ISBN: 978-3-658-08620-6Published: 27 January 2015

  • Edition Number: 1

  • Number of Pages: XXV, 243

  • Number of Illustrations: 52 b/w illustrations

  • Topics: Operations Management, Management, Business Strategy/Leadership

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