Maverick Buying

Definition of Maverick

The term maverick stems from the name of the lawyer, politician and cattle breeder Samuel A. Maverick (1803-1870) who did not brand his cattle. Thus, unbranded cattle was generally known as a Maverick cattle. In the English language, a maverick is a person who thinks and acts independently, a non-conformist or rebel.

Maverick Buying

Maverick buying or wild purchase is a term out of supply management. One talks about maverick buying when a department buys materials or services independently, without incorporating the purchasing department. In other words, maverick buying is the purchasing outside of standard procurement processes.

Consequences of Maverick Buying

• Missing price comparisons

• Multitude of different suppliers

• Higher prices due to missing or badly lead negotiations
  and smaller quantities

• Missing framework agreements

CADENAS´ Strategic Parts Management PARTsolutions looks at the whole parts world as well as preferred parts and -suppliers, thus you enable your engineers to choose parts within a reasonable selection.