Development of purchasing can boost profits
28 August 2012
Poor development of purchasing activities could cost companies a 30 per cent rise in profitability, according to a recent report.
Research into UK cross-sector procurement strategy by strategy consultants PIMS Associates shows marketing and sales often receive up to 75 per cent more investment than purchasing.
Zena James, spokeswoman for PIMS Associates, said: "Few businesses seriously assess their purchasing activity or invest in its development. As a result, companies may be spending...