Supply Chain News Bites - Only from SCDigest

-January 29, 2009


Supply Chain Graphic of the Week: How Can the Procurement Function Best Help Companies in Tough Times?

  Chief Procurement Officers Say Supplier Risk, Supplier Collaboration to Reduce Costs, Commodity Price Management Top the List  

By SCDigest Editorial Staff


We certainly don't lack for ideas from many sources on what to do in supply chain to better manage tough times, but we liked this survey of Chief Procurement Officers from Europe's CPO Agenda magazine that asked CPOs to rate the areas in which they think procurement can add the most value in helping their companies navigate these choppy economic waters.

Source: CPO Agenda

As can be seen in the graphic above, CPOs believe that managing supplier risk tops the list, followed by finding joint cost-reduction efforts with suppliers, and being excellent at managing energy and commodity price volatility.

Sounds like a pretty good list - there is no lack of things to do, that's for sure.

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