Savings at top of priority list

16 November 2009

16 November 2009 | Allie Anderson

Cutting costs will continue to be the most pressing issue for purchasing next year, according to a poll of delegates at the convention.

In response to the question "What is the key issue for your department in 2010?", almost one-third (32 per cent) said it was reducing costs by 5 per cent or more.

Managing risk and maintaining continuity of supply was voted the second most important issue, while retaining talent was the top concern for 20 per cent of delegates. Asked "What has helped increase your organisation's efficiency most?", 36 per cent gave the answer SRM, while 20 per cent said shared service and purchase-to-pay technology has proved most effective.

When asked: "The economic downturn has put pressure on suppliers. What have you done to respond to the risk imposed by the economic downturn?", 36 per cent said they had conducted a full review and had activated a risk mitigation plan. Only 7 per cent associated a low level of risk with their suppliers.

SMnov2009

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