From the course: Purchasing Foundations
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Next steps
- More than half the cost of making a new product come from your suppliers. Managing those suppliers properly, no matter where they are in the world, is crucial to your company's success. Now that you understand the fundamentals of purchasing, perhaps you're ready to take your knowledge one step further. Take a look at the Institute for Supply Management. They are a global organization and have affiliates all around the world. This is a really good place to learn more about the world of purchasing, and to connect with other purchasing professionals. ISM publishes a great magazine, Inside Supply Management, which comes with your membership. The magazine has excellent articles about current trends in purchasing. You now have a really good start on understanding supply management. I hope to hear many reports about how your company is proving that purchasing is important.
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