Improving Cash Flow — Purchasing Today® Article Explores Commodity Segmentation

FOR RELEASE: November 20, 1998

CONTACT: Zenobia Daruwalla
  NAPM Media Relations
  602/752-6276 ext. 3015
 

(Tempe, Arizona) — How purchasing departments divide their cash can make a difference to the bottomline. "The Great Divide," featured in the November issue of Purchasing Today® magazine, focuses on commodity segmentation.

"Commodity segmentation," says Ron Payne, founder and managing director of Purchasing Services, Inc., "is looking at this total bucket of spending and categorizing that bucket into categories of goods and services so they can be effectively leveraged across the enterprise."

The article explores several aspects of commodity segmentation and helps professionals determine which commodity segments require the majority of time and resources. A sample commodity segmentation quadrant and a list of commodity segmentation pitfalls are also included in the article. Purchasing Today® is NAPM's monthly publication and is a benefit exclusively for NAPM members. For information about receiving Purchasing Today® and becoming a member of NAPM, call NAPM customer service at 800/888-6276 or 602/752-6276 extension 401. Or visit the Member Benefits area of NAPM's web site.

The National Association of Purchasing Management is a not-for-profit association that provides national and international leadership in purchasing and supply management research and education. The association exists to educate, develop, and advance the purchasing and supply management profession. NAPM provides members and nonmembers alike with opportunities to expand their professional knowledge and skills. NAPM is comprised of 180 affiliates with 43,000 members throughout the United States and Puerto Rico. Visit the NAPM Web site at http://www.ism.ws.