Date Added: Sep 2009
There are 2 ways to improve earnings: increase revenue or reduce costs. With the poor economy, most organizations are facing a decrease in revenue. That means that companies will do what is needed to maintain earnings - cut costs. Though a favorite tactic is to downsize, and procurement many times appears a target, it is actually the perfect environment for procurement. After all, who in the organization is more qualified to negotiate reduced costs? Now is the perfect time for procurement to expand their influence, secure their position, and be the star.