Compras

Purchases in antiquity

120,000 BCE

Purchasing is almost as old as the history of man. They began when the man bartered or exchanged some of his property for someone else´s belongings.

Invention of Coins

650 BCE

All western histories of coins were invented at some time slightly before or after 700 BC, in Aegina Island, or, according to others, in Ephesus, Lydia, 650 BC.

Corporate Purchasing

1890

History of Corporate Purchasing started in late 1890s purchasing was rarely used as different department except some railroad organizations.

Purchasing in War

1914

During World War I and World War II, purchasing function increased in importance due to the importance of obtaining raw materials, services, and supplies to keep the mines and factories running.

Purchasing in the 50s

1950

During late 50s purchasing continued to gain stature as the techniques for performing the function became more refined and as the number of trained professionals increased but still purchasing agents were basically order-placing clerical personnel serving in a staff-support position.

Purchasing in the 60s

1960

Purchasing personnel became more integrated with a materials system. As materials became a part of strategic planning, the importance of the purchasing department increased.

Purchasing in the 70s

1970

The oil embargo and the shortage of almost all basic raw materials brought much of business world's focus to the purchasing arena.

e-commerce

1979

Michale Aldrich invents online shopping: he developed an online shopping predecessor to enable online transaction processing for B2C (Business to Customer) and B2B (Business to Business) needs.

Purchasing in the 80s

1980

The advent of just-in-time purchasing techniques in the 1980s, with its emphasis on inventory control and supplier quality, quantity, timing, and dependability, made purchasing a cornerstone of competitive strategy.

Purchasing during early 1990´s

1990

Value Proposition in purchasing increased. People realized that by letting purchaser negotiate and ask for discount bring lots of cost reduction. COST SAVINGS become a buzz word and ofcourse control over the buying process remains one important function of purchasing.

Purchasing during late 1990´s

1995

Purchasing evolved into strategic sourcing, contracts were more long term, and supplier relationship building and supplier relationship management started.

Purchasing in the first decade of 2000s

2000

Purchasing evolved from a myopic view on cost to much broader terms.

The importance of purchasing nowadays

2017

Purchasing in an enterprise has now become a specialised function. It was experienced that by giving the purchase responsibility to a specialist, the firm can obtain greater economies in purchasing. Moreover purchasing involves more than 50% of capital expenditure budgeted by the firm.