With the growth of the global economy the importance of managing procurement as part of the supply chain has increased dramatically.
Large amounts of money are spent on organisational purchases and there are substantial savings to be made through the implementation of a focused procurement strategy.
A procurement strategy is now regarded by leading organisations as a key component in achieving overall corporate strategies.
Lecturer at Victoria University's School of Management and Information Systems, Dr John Hopkins, said, "Purchased goods and services are amongst the largest cost elements for many of today's firms and the traditional approach for achieving savings in this area – bargaining hard for price reductions – has been replaced by a focus on building relationships with suppliers to jointly lower costs.
"The need for competitive advantage places a huge burden on procurement to deliver new strategies and evaluate new risks and opportunities derived from change."
A key group of experienced Australian practitioners from industry, government, professional associations and academia will meet to share their knowledge and seek solutions about global procurement and supply chain challenges at a seminar entitled Global Procurement: Challenges, Issues and Solutions for Today's Supply Chains being held at Victoria University's City Flinders campus on Tuesday 30 October.
This jointly seminar is jointly organised by the School of Management and Information Systems at Victoria University and the Department of Management at Monash University.
Where: Victoria University, City Flinders Campus, Level 12, 300 Flinders St. Melbourne
When: Tuesday, 30 October 2012
Time: 8.30 for 9.am till 3.30pm.
Media are welcome to attend
For Further Information:
Dr John Hopkins,
School of Management and Information Systems, Victoria University
9919 1069, firstname.lastname@example.org
Public Affairs Unit, Victoria University,
9919 4322; 0434 602884; email@example.com