Disciplined Buying: Hedge Against Competition

Abstract

Purchasing continues to be asked to keep prices down while securing more and better services. Operating under rapidly changing conditions, purchasing personnel are experiencing anxiety due to constraints that are not easily controlled. Such uncertainty calls for improvements in operational and strategic purchasing. To buy more for less under such uncertain conditions requires considerable discipline in buying. Yet, it can offer a valuable hedge against increasingly stiffer competition.

Citation

Wagner, W.B. (1984), "Disciplined Buying: Hedge Against Competition", International Journal of Physical Distribution & Materials Management, Vol. 14 No. 5, pp. 11-23. https://doi.org/10.1108/eb014590