Commoditising spend
29 August 2012
Q: When our staff want to buy goods or services that are not catalogued, we need to raise a free-text requisition but the spend needs to be commoditised. Who is best placed to do this: the requisitioner, who knows precisely what is required, or the buyer,
A: Simon Steele, consultant with PMMS Consulting Group, writes: The solution to your question depends upon how your organisation is structured to deal with purchases and the extent to which control is required by management.
However, most organisations use some form of commodity coding against which expenditure can be tracked...