While the recession was certainly not desirable, its arrival did herald the rise in prominence of procurement as a factor in business operations. However as the recovery has ensued, the question begs as to whether it will remain high on the management agenda. Tony Lockwood of Xynergie argues that the rightful focus on procurement in new economic times is a chance to truly transform its function through a total reengineering process.
With clients and customers seeking better value, declining growth prospects and the impossibility of raising prices, many firms are being forced to find and focus on areas within their business that can save their eroding margins. But crises bring with them opportunities and, in the current business environment, a procurement function ripe for re-engineering offers…
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