Corporate Procurement & Business Services

Corporate Procurement Services is in the business of supply management; not just placing orders with vendors, although that function is also provided. Procurement contributes a cash flow benefit to Apotex's significant annual expenditure, and is a strategic function representing Apotex to the business community.

Procurement Services manages the following activities:

• Vendor reduction/consolidation
• Supplier management
• Cost price/value analysis
• Travel and entertainment
• Direct and indirect materials
• Intra- and inter-corporate relationships
• Service buying
• Buying consortiums/strategic sourcing
• Contract management
• Training
• Database integrity and statistical reporting
• E-commerce
• Cross-functional teams

Co-operative procurement is critical to electronic commerce and assists in inventory management, supply chain management, cost reduction, and improves organizational efficiency. Streamlining of internal processes associated with direct and indirect spending compresses the indirect cost of goods, reduces the procurement cost and ultimately reduces the cost of finished saleable goods, resulting in increased profit margins.

The implementation of SAP software in the corporation is a key tool to managing the procurement process for a growing worldwide organization: it acts as a springboard for enhancing many procurement processes.

Procurement team members may be reached at our general mailbox: procurementservices@apotex.ca