Which procurement method to choose |
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It is fundamental to adapt the procurement method to:
| | Advantages | Drawbacks | | Calendar - Fixed Period Requirement
| Simplified management for the procurement team and the suppliers | Risk of over inventory or shortage in case of demand modification No flexibility in case of emergency | | Order Point | Shortage risk reduction | Permanent follow up by the procurement team | | Periodic replenishment - Period Order Quantity | Planning of the procurement team workload Reduction of over inventory risk | Shortage risk in case of demand modification | | On demand | Adapted in case of speculative purchases | Permanent follow up by the procurement team |
Recommended bibliography
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Spec Sheets 
