04 May '13, 9pm

Purchasing Best-Practices for Tough Times

Purchasing Best-Practices for Tough Times

There are just not enough hours in the day anymore. Perhaps there never were, but it seems to have become worse since the high-tech meltdown and subsequent financial crisis, followed by fiscal cliffs and sequestration. Yes, I am older now, and that may account for some of it, but I also believe that everyone is trying to achieve greater results with reduced capability. The productivity gains from tools have not kept up with the workload. Companies are trying to do more with less. Many use low-cost labor regions to supplement manufacturing and R&D activity; some have set up offshore purchasing groups. Yet, even with these labor cost savings, companies have had to remain thin at home in order to achieve profitability targets. There are exceptions, but not many. Being thin has many health benefits for people and companies alike, but being too thin is not healthy for either. W...

Full article: http://www.ebnonline.com/author.asp?section_id=1128&doc_i...

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