International Journal of Purchasing and Materials Management

Moving Toward Value-Based Purchasing Members Only Content

As the marketplace becomes more competitive, the concept of "value" is receiving increased attention. Firms are attempting to increase the value of their products and services and reduce the nonvalue-added activities, both in terms of number and cost. One function that has a tremendous impact on these efforts is purchasing. Purchasing, being a boundary spanning function, has the opportunity to increase value through two major linkages: internal interactions and external involvement.

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