We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » buyers beware
inbound

buyers beware

November 1, 2004
DC Velocity Staff
No Comments

The whole point of setting corporate procurement policies is to save money and streamline procedures, but if a recent survey is any indication, those policies are having exactly the opposite effect. Respondents to a survey conducted by consulting company Accenture overwhelmingly agreed that procurement policies were not accomplishing what policymakers had hoped to achieve. A whopping 75 percent of executivelevel policy users said they were dissatisfied with their company's procurement policies. (The frustration is apparently confined to the users, however. Only 12 percent of the policymakers themselves claimed to be dissatisfied.)

The main complaint seems to be that corporate policymakers are too focused on cost cutting and fail to give employees the leeway they need to do their jobs to the best of their ability. The result is widespread frustration and reduced productivity. If corporations fail to address the underlying problems, Accenture warns, they could face a widespread exodus of procurement specialists once the job market opens up.

Where do these policies need improvement? More than half of the survey respondents said they could be more productive if they had access to a greater variety of products and services. As for other problems in the procurement process: 43 percent said corporate policies for identifying vendors were inadequate, 26 percent felt they had no good way of tracking the status of a purchase, and 20 percent said they ran into difficulty getting approvals from superiors.

Material Handling Supply Chain Services Business Management & Finance
  • Related Articles

    beware the traps!

    Heat beware, Cold Front by Big Ass Fans is here.

Recent Articles by DC Velocity Staff

From sea to … shining stars?

Artificial intelligence creates real encyclopedia

Freight sector missed the boat on strong U.S. economy in Q3 and Q4, FTR says

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

  • In Person: Steve Beverly of Penske

Now Playing on DCV-TV

Eeafd0c7 0569 4a63 8b31 fdbc5322c7cd

Crown’s DualMode Automated Forklifts Revolutionize the Warehouse

DCV-TV 4: Viewer Contributed
As part of the company’s ongoing digitization efforts, DHL Supply Chain has deployed Crown’s DualMode automated reach trucks to help ensure resiliency in the supply chain, with reach trucks available 24/7/365. “AGVs provide a better quality of life for our associates on the floor,” says Gordon Hanthorn, Senior...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing