Verðákvörðun

Verðákvörðun, also known as value-based purchasing, is a procurement strategy that focuses on selecting goods and services based on their value to the organization rather than solely on price. This approach aims to improve the overall efficiency, effectiveness, and sustainability of an organization's operations.

The core principle of verðákvörðun is to evaluate suppliers not just by their cost but also by their ability to deliver quality, innovation, and value for money. This can include factors such as the total cost of ownership, the impact on the organization's strategic goals, and the long-term sustainability of the relationship.

The process typically involves several steps, including defining the organization's needs and requirements, soliciting proposals from suppliers, evaluating these proposals based on predefined criteria, and selecting the supplier that best meets the organization's needs.

Verðákvörðun can be applied to a wide range of procurement categories, including IT services, office supplies, and capital equipment. It is particularly useful in industries where technology and innovation are rapidly changing, as it encourages continuous improvement and innovation from suppliers.

The benefits of verðákvörðun include improved cost efficiency, enhanced quality and innovation, stronger supplier relationships, and better alignment with the organization's strategic objectives. However, it also requires a shift in mindset and a more complex evaluation process, which can be a challenge for some organizations.

In conclusion, verðákvörðun is a strategic approach to procurement that can lead to significant benefits for organizations. By focusing on value rather than just cost, it helps organizations to achieve their goals more effectively and sustainably.