CONTEMPORARY APPROACH TO THE ANALYSIS OF THE PURCHASING FUNCTION IN THE PRODUCTION COMPANY
Miroslav Cavlin
Faculty of Economics and Engineering Management in Novi Sad, Serbia
Radivoj Prodanovic
Faculty of Economics and Engineering Management in Novi Sad, Serbia
Pavle Pocuc
Provincial Secretariat for Economy and Tourism of AP Vojvodina, Novi Sad, Serbia
DOI: https://doi.org/10.31410/eraz.2018.266
4th International Conference - ERAZ 2018 - KNOWLEDGE BASED SUSTAINABLE ECONOMIC DEVELOPMENT, Sofia - Bulgaria, June 7, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Business Studies, Mediterranean University - Podgorica, Montenegro; University of National and World Economy - Sofia, Bulgaria; Faculty of Commercial and Business Studies - Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia, ISBN 978-86-80194-12-7
Faculty of Economics and Engineering Management in Novi Sad, Serbia
Radivoj Prodanovic
Faculty of Economics and Engineering Management in Novi Sad, Serbia
Pavle Pocuc
Provincial Secretariat for Economy and Tourism of AP Vojvodina, Novi Sad, Serbia
DOI: https://doi.org/10.31410/eraz.2018.266
4th International Conference - ERAZ 2018 - KNOWLEDGE BASED SUSTAINABLE ECONOMIC DEVELOPMENT, Sofia - Bulgaria, June 7, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Business Studies, Mediterranean University - Podgorica, Montenegro; University of National and World Economy - Sofia, Bulgaria; Faculty of Commercial and Business Studies - Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia, ISBN 978-86-80194-12-7
Abstract
The aim of the paper is to highlight the strategic value of the purchase function, its orientation to the goals and the position in the entire value chain, in order to try to create an adequate theoretical and methodological concept for analyzing the procurement function. The traditional approach to the procurement analysis is oriented to the prices of the procurement facilities, which does not correspond to the real needs of the company. The modern approach emphasizes the necessity of developing a procurement analysis model based on the analysis of financial and non-financial information in order to improve the efficiency and competitiveness of manufacturing enterprises in the Republic of Serbia.
Key words
purchasing function, performance, business analysis, enterprise
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