Supply chain risk

7 April 2009
Perhaps it is no surprise that the headline figure from a study we covered on Friday revealed that most CPOs are on the hunt for new ways to cut costs in 2009. What was more startling was that only 31 per cent of the 400 purchasing directors surveyed had fully assessed supply chain risks during the downturn, and failed to evaluate problems such as the financial stability of vendors. This strikes me as being madness, and somewhat of a departure from the warnings consistently conveyed in the pages of SM and increasingly, the wider media. It would seem that focus has shifted to more pressing matters, i.e. finding new savings opportunities. But if vendors are going out of business then buyers will have no one to negotiate with, let alone find fresh ways to reduce costs. Has supply chain risk taken a backseat at your organisation?
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