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 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.