Streamlining Spot Buy Purchases in Indirect Procurement
In the realm of indirect procurement, managing spontaneous purchase requests can be a challenging aspect, particularly when dealing with new vendors not yet integrated into the system. These spot buys are often characterized by low-cost, one-off purchases, typically associated with research and development projects or items that our current suppliers do not provide. However, the slightly cumbersome process of onboarding new vendors is not conducive to such transactions, and we aim to avoid an overwhelming influx of vendors used only once. As a result, we’ve historically resorted to using credit cards for these purchases, though our goal is to reduce reliance on this method.
For those who have faced similar procurement hurdles, what strategies have you implemented to efficiently manage spot buys without expanding your vendor list unnecessarily or over-relying on credit cards? Your insights and suggestions would be invaluable.
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