The aim of the purchases area is the supply of resources needed to the organization trying to minimize risks, costs, and times of it.
Since the buyer is the owner of the process, it should have at disposal tools for the stock’s analysis, in addition to suppliers’ analysis in order to be able to choose the most convenient and reliable one based on his needs. To do so it is necessary to use technological tools of support and therefore a business intelligence that allow analyzing precisely data to make right decisions.
Moreover, supply needs a planning based on:
Internal needs, suppliers’ lead time and stocks’ level. Therefore, the buyer has to be able to optimize economic resources of the company valuing purchases based on total cost of ownership.