Finance chiefs cool on cutting purchasing costs
28 August 2012
Finance directors have little interest in cutting procurement costs, according to new research commissioned by purchase-to-pay specialist Burns e-Commerce Solutions.
Two-thirds of respondents said cutting cost is either not a priority or a minor priority, even though 67 per cent want to turn purchasing into a value-adding centre.
Half of respondents said they saw potential savings from improving the purchase-to-pay process falling between £1 million and £50 million.
But 53 per cent of respondents said they had managed...