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By putting in place rigorous approaches to manage both the supply of goods and services as well as the demand for them, procurement departments can help to enhance significantly their business's ability to deal with the downturn. What is more, by proactively moving to capture the impetus of a declining market, it is possible to wrest significant improvements in contractual terms including price. And at a time when businesses are experiencing exceptionally adverse economic conditions, that's a rare glimmer of good news for increasingly beleaguered Chief Procurement Officers. To discover how your business can not just cope with economic adversity, but positively capitalize on it, read on.
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