Lean Purchasing Definition
In lean purchasing, the goal is to create value for the customer while minimizing waste. This is accomplished by working closely with suppliers to eliminate waste throughout the supply chain.
Some of the ways in which lean purchasing can create value and minimize waste include:
-Evaluating suppliers based on their ability to provide quality products and services at a fair price
-Selecting suppliers who are committed to continuous improvement and have a proven track record of meeting or exceeding customer expectations
-Working with suppliers to streamline processes and eliminate waste throughout the supply chain
-Establishing long-term relationships with suppliers who are invested in the success of your business