It's always important for manufacturers to have an intimate knowledge of all the key tools and equipment that allow them to make new products every day. That knowledge can help improve their processes and cut costs that otherwise might be overlooked. In many ways that same premise can be applied to the people running all the various departments, which are usually working to achieve the very same goals. When it comes to the procurement side of things, though, many companies still aren't making that connection. In fact, many procurement professionals are frustrated that their input is not having the strategic impact it could, according to a recent a study from consulting firm KPMG International that surveyed almost 600 senior executives worldwide, including close to 300 procurement and supply chain professionals. But that may be changing.
Source: Industry Week