New England Supply Chain Conference & Exhibition

APICS - The Association for Operations Management North Shore Chapter 20 and Boston Chapter 10    --   The Council of Supply Chain Management Professionals (CSCMP) New England Roundtable    --    The Northeast Supply Management Group, A Special Interest Group of ISM®

2009 Program Author Index Presentation Index
New England Supply Chain Conference & Exhibition

2009 New England Supply Chain Conference and Exhibition - Mickey North Rizza Presentation

Intermediate Procurement: Saving Money in a Recession = Managing End-to-End Supply Chain Costs
Mickey North Rizza, Research Director, Procurement & Sourcing, AMR Research

Leaders are focusing on surviving the recession in a way that prepares them for the recovery. The only thing worse than not scaling down fast enough in a downturn is being caught flat footed at the recovery and losing share to competitors. While survival is the name of the game, there are steps you can take to cut costs in the short term and position yourself to detect and profit from the recovery when it comes. This session will help you think about these six areas while you focus on short term savings as well as building sustainable best-in-class supply management organization:

  • Supplier relationship and risk management must be a strategic priority
  • Managing commodities in an economy with extreme commodity price volatility
  • In the desperate pursuit of cost savings, make sure you include the hidden costs and understand the impact on working capital
  • Curtailed demand drives the revaluation of global sourcing strategies and restructuring the supply network to be more efficient, agile and responsive
  • Get the most for your scarce R&D dollars by developing open design networks and early supplier involvement
  • Enabling technologies that give you the biggest bang for the buck

Bottom Line: Companies change during a recession. Will the changes you make just help you survive, or will you emerge stronger than before?

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