Lack of supply knowledge poses risk to firms
29 August 2012
UK businesses are at risk because they do not know enough about many of their suppliers. And, according to new research, one of the main reasons for this is that there aren’t enough purchasers in procurement departments to manage supplier-relationships.
The findings appear in What Lies Beneath, a survey of more than 300 UK firms, conducted by research consultancy Grasp.
It reported that the average organisation had 700 suppliers managed by about eight purchasers and that buyers were responsible for around 37 suppliers each. In some cases, the survey said, purchasers would each have to manage an...