Can procurement avoid the job squeeze?

13 August 2008

Paul Snell By Paul Snell

Figures out today from the government show that unemployment is on the up, rising by 60,000 between April and June, with the slow economy getting the blame.

There has been news of large firms, particularly those in the financial services industry, making large job cuts, and I’m sure buyers will not be immune.

I’ve also heard of a number of firms instituting “hiring freezes” – particularly a problem for procurement departments that are understaffed already, not being allowed to replace employees that leave.

It used to be said that procurement would be one of the first departments that would be affected by job losses. Is this still the case? Or do businesses now recognise the importance of procurement in dealing with a downturn?

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