Maverick Buying
The Maverick Buying Definition defines the process and philosophy of making purchasing decisions without involving or seeking approval from a manager or supervisor. The term was first coined by management consultant, author, and speaker Donald R. Menadue in his 1992 book Maverick Management.
Maverick buying is based on the belief that employees are best equipped to make purchasing decisions for their departments and themselves. This type of decentralized decision making can lead to benefits such as increased efficiency and faster turnaround time for purchase requests.
However, maverick buying can also lead to problems if not managed properly. For example, employees may make unauthorized purchases, buy from unapproved vendors, or exceed their budgets. To avoid these potential problems, companies should consider implementing policies and procedures related to maverick buying.