I hope that you enjoyed the article “Maverick Buying: 6 Steps For Stopping It.”
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In the article, I only had space for four of the six steps. So here are the other two!
Step #5: Monitor spend and take corrective action. It would be nice if all you had to do was to put in rules and they would be followed. Unfortunately, that’s not how the world works. That’s why there are security guards, police, referees, prefects of discipline, and others in enforcement roles. You have to watch for unauthorized purchasing and then approach the offenders. Doing so may reveal weaknesses in policies, procedures, or communication or, on the other extreme, it may reveal individuals who have less-than-noble intentions.
Step #6: “Outbuy” internal customers. As explained in PurchTips Edition #264, some internal customers will think that they can perform purchasing activities better than you. When you’ve demonstrated that you’ve made the best purchasing decisions on behalf of the company, compliance will be at least a little easier.
So, as you can see, there is no single “magic bullet” for stopping maverick buying. It requires a multi-dimensional plan. But the good news is that it can be stopped. And I hope that this post and the article helps to give you the structure you need to eradicate maverick buying from your organization.
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