Skin ADV


Deselect Platform Choice
 
Australia
Belgium
China
France
Germany
Greece
India
Ireland
Italy
Kuwait
Luxembourg
Netherlands
New Zealand
Portugal
Spain
Sweden
Switzerland
United Arab Emirates
United Kingdom
United States
Demand & Supply Chain Management Evolution About  |  How to publish  |  Contacts  |  Newsletter
News | Associations | Education | Job | Agenda | Topics | Insight | Resources
  Automotive       Chemicals & Pharmaceuticals       Electrical, Electronics & Home Appliances       Food & Beverage       Retail       ...  


Supply Chain Glossary

Glossary > M > Maverick Purchasing  

 

Maverick Purchasing


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

Maverick purchasing involves the acquisition of categories from suppliers other than the contracted supplier, or using standards other than the agreed specification, or using processes other than the agreed process.  Any of these situations cause spend ‘leakage’, or reduction in the value of spend secured by the contracted suppliers.

 

Suppliers of spend analytics solutions and transactional purchasing systems describe the reduction in maverick spend as a benefit of their solutions.  In practice, maverick spend erodes the value of forecast benefits from sourcing decisions, and may affect the confidence of contracted suppliers in the buyer’s volume estimates.  However, while some maverick spend is driven by ignorance or rogue decision makers, some stakeholders choose not to use the preferred sources for legitimate reasons, and understanding why ‘maverick purchasing’ is taking place can yield valuable feedback on what stakeholders need and why.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






Last update 1 Dec 2017
November PMI signals robust manufacturing growth
   Source: Markit US Manufacturing PMI   -  IHS Markit
United States 

News & Trends
 

Chemicals & Pharmaceuticals

Maximum safety and reliability and reducing the costs for our customers at the same time: we are able to offer the chemical industry an extensive range of chemical logistics services that hardly any other logistics specialist can match. It is our goal to harmonise our services with your specifications in s...


RESEARCH: Integration - Key for Success in Supply Chain Management

In order for supply chains in logistics networks to function smoothly many different logistics partners need to be integrated with the overall process. Not an easy task. Different IT systems, language barriers or comp...


Education
 
19
Feb
2018
Advanced Warehouse Management and Inventory Control
     Miami
19
Feb
2018
Supply Chains: Purchase and Suppliers Management
     New York
 5 
Mar
2018
Logistics and Transportation Techniques
     Miami
 5 
Mar
2018
Fleet Planning and Management
     New York
 2 
Apr
2018
Purchasing Techniques, Negotiation and Cost Reduction
     Miami

Local & Regional Agenda
 


Resources
 
MADEL: Roadmap to Industry 4.0: Planning & Scheduling in the personal & home care industry

Established in 1977 Madel Spa, is a leading Italian manufacturing company specialized in products for home & personal care. Madel’s mission is the capability to create high-quality and environmentally sustai...

After-sales service as a driver for word-of-mouth and customer satisfaction: insights from the automotive industry

This study aims to study the effect of the after-sales service experience and its quality on overall customer satisfaction and word-of-mouth (WOM) within the automotive industry. Based on the additional marketing mix ele...


International Agenda