Effective communication between procurement and the wider business is “critical” to deal with the danger of stock-outs.
In the latest edition of Supply Business -
published in January, CIPS
economist John Glen warned as the economy returns to growth stock-outs will become more common, leading to consequential losses for firms as frustrated customers go elsewhere.
“Effective communication between procurement and the business will increase the probability that effective performance and governance measures are put in place to ensure stock-outs are avoided,” said Glen.
Supply Business is an international supply review published quarterly aimed at CPOs and senior stakeholders including CFOs, COOs and CEOs with an interest in procurement and supply operations. The magazine and online access is available on subscription. To subscribe click here
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