Good Captains and Calm Seas

September 2008
Industry Week/IW;Sep2008, Vol. 257 Issue 9, p32
Trade Publication
The article presents guidelines recommended by a panel of experts on how chief procurement officers (CPO) can gain control over spending and cutting costs during economic downturn. It explains that overall value with suppliers should be evaluated rather than sourcing for lower costs. Other guidelines include mitigating inflation, renegotiating contract compliance and gaining spending visibility.


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