This chapter includes summaries of portions of the work of Michael V. Brown, President of New Standard Institute (Brown 2006).
A percentage of your budget dollar is spent on maintenance materials and spare parts. These materials range from toilets to paint to bug spray. Purchasing must balance cost, delivery, and quality. Material and service purchases account for a substantial percentage of operating costs in most industries.
The challenge is to find and acquire materials or services at the:
Furthermore, buyers must be skilled in:
12.0 Managing Material Vendors
Vendors supply all the ...