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First-Time-Right Procurement

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

  • Oliver Münch

Table of contents

  1. Front Matter
    Pages I-XXV
  2. Oliver Münch
    Pages 1-5
  3. Oliver Münch
    Pages 7-95
  4. Oliver Münch
    Pages 97-134
  5. Oliver Münch
    Pages 135-147
  6. Oliver Münch
    Pages 149-160
  7. Oliver Münch
    Pages 161-170
  8. Oliver Münch
    Pages 171-197
  9. Oliver Münch
    Pages 199-203
  10. Oliver Münch
    Pages 205-232
  11. Oliver Münch
    Pages 233-243

About this book

Introduction

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.

 Contents

  • The development of First-Time-Right Procurement
  • Implementing First-Time-Right in the source processes
  • Replacing purchasing savings with First-Time-Right Procurement
  • Measuring First-Time-Right Procurement

 Target Groups

  • Students and researchers in the fields of business administration and supply chain management
  • Executives who are concerned with procurement/ purchasing or supply chain management

 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.

Keywords

Procurement Purchasing savings Supply chain management Sustainability Value Engineering

Authors and affiliations

  • Oliver Münch
    • 1
  1. 1.MunsterGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-658-08620-6
  • Copyright Information Springer Fachmedien Wiesbaden 2015
  • Publisher Name Springer Gabler, Wiesbaden
  • eBook Packages Business and Economics
  • Print ISBN 978-3-658-08619-0
  • Online ISBN 978-3-658-08620-6
  • Buy this book on publisher's site
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