Modern Purchasing Opportunities andChallengesWhether its energy or any other industry, executives who have made their way up the ranks overthe past three decades know from personal experience just how far PURC!"#$!%!$#%' has come( )t wasnt that long ago when procurement was often more of anafterthought for companies than anything that would *e viewed as a core competency( owever,as glo*al markets have changed and technology has increased competition, more *usinesses ofall si+es are taking a more in,depth look at their PURC!")%& PR-C#""#"(!s many companies have learned, procurement isnt something that should *e viewed as just are.uired, routine activity( )nstead, when approached the right way, procurement can act as a typeof lever that can move a *usiness in a meaningful direction( 'his reali+ation means that its .uitecommon for *usinesses to transition purchasing froma *ack office function to a corecompetency thats front and center(What Purchase Managers Need to Accomplish'here are many ways that individuals or organi+ations can look at PURC!")%&( -f those, oneof the most useful ways to think of a purchase manager is as a role that re.uires someone tofunctionas anena*ler, provider of informationandfacilitator( Whileitsthe*usiness thatultimatelymakesdecisions, purchasemanagerscanensurethat all relevant factshave*eenpresentedprior toa decision*eingmade( 'hat role is whysome of the most successful*usinesses are those that reali+e the *enefits of communicating the value of efficientprocurement through every level of the organi+ation()n talking a*out procurement, its important to acknowledge the key role that a supply chainplays( Whether theyre currently aware of it or not, organi+ations re.uire great "UPP/)#R" inorder toconsistentlydeliver ontheir customer valueproposition( !lthoughcomplexsupplychains may *e a necessity, its important for companies to understand the types of risk they canpose and take action to help minimi+e risk(The Best Place for Small and Mid Market Businesses to Start! key advantage of small and mid market *usinesses is their a*ility to move faster than largercompanies withmore organi+ational overhead( "ince more nim*le *usinesses can .uicklyexecute, its common for a *usiness to fully recogni+e the importance of PURC!")%& andthen wonder what their next step should *e(0or any *usiness in this position, the *est option is to start utili+ing the right PURC!")%&"-0'W!R#( "pecifically, 1#//W#'#R PURC!")%& "-0'W!R# is *oth very powerfulandsurprisinglyeasytouse( #nforcingapprovals, managing*udget thresholds, streamliningvendor negotiations, and creating customi+ed work flows are just a few of the features it offers(Powered b!1ellWetherCorp2233 "hel*yville Road, "uite 41/ouisville, 56 73889, U"!