Why A Bad Economy Is Good For Sourcing Professionals
I recently wrote a piece for eSourcing Forum entitled "The Dark Economic Cloud Has A Silver Lining For Sourcing." It shares why, with proper management, a sourcing department can raise its profile tremendously during bad economic times.
Check it out.
To Your Career,
Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
Struggling To Have A Rewarding Purchasing Career?
Earn Your SPSM® Certification Online At
http://www.NextLevelPurchasing.com
posted by Charles Dominick, SPSM @ 9:01 AM
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2 Comments:
Purchasing is always important in any times and now it’s a good time for buyers to implement business consolidation. Focusing greatly on key supplier, offer them more business and give them greater role in companies’ current and future business. Also this way reducing the exposure to potentially economically weak suppliers. So it’s a win win strategy for buyer and supplier both.
Also visit my new blog at navpurchasing.blogspot.com.
The focus must be on total supply chain costs and looking at all costs including inventory carrying costs, obsolescence, claims, productivity, adminsitrative costs, service levels/penalties,etc.
The danger is to make short range decisions on price only that come back to haunt you in service and quality issues on a long term basis. You will want to keep all your tier 1 suppliers as they will be the key to your long range survival.
John Fitzgerald-SEKO
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