Discuss the role of purchasing function in cost control and value Assignment

Discuss the place of purchasing endure in cost control and value implementation for a business. Include examples to expand your answers - Assignment ExampleThe goal is increasing the value of what they offer and eliminate any non-value adding activities. A function that is poised to deliver this value due its of the essence(p) role on organisations going forward is purchasing.Through inputs such as analysis of markets, contract sourcing and negotiations, the purchasing function plays a value adding role to organisations. The outputs of an impressive purchasing function include good quality on products, services offered and materials procured. Through these outputs the purchasing function is better placed to deliver a competitory edge that is much needed in the business environment of today. Procurement and purchasing functions in the modern organisations go beyond the traditional buying role by paying attention to the bigger organisational objectives. Through the shift of focus , the purchase function can add value by placing emphasis on provider quality and reliability. Extraction and automation of key processes in procumbent for example can release time for the workforce to attend other functions of sourcing which may be central to the needs of the business (KPMT, 2012).Balancing dogged-term visions with short term goals is another way through which organisations can harness value from the purchasing function. In driving value for the organisation purchasing function can no longer wait for the exit of a supplier or rush for distinctiveness materials in the final hours of a product launch (Santala and Syrjanen, 2010). ATMI is one organization that has eye on the long terms objectives but with tools in place to react to changes in the short term. It is able to give value by aggressively managing risks, analysing markets and feeding the entire system short term changes needed in the long term plans.Success in the purchasing function appreciates the need for sourcing strategically and purchasing tactically. Value can be unlocked out of the purchasing function by focussing on strategic sourcing and