The financial crisis is rapidly moving from Wall Street to Main Street as most companies’ results are reflecting squeezed operating margins. Net margins are further impacted by tighter, more expensive access to credit. In response, the news is rife with companies conducting layoffs and cutting investments such as reducing marketing and R&D expenditures. While these actions provide short-term breathing room, they can severely impact a company’s long-term growth potential.

This paper provides CEOs, CFOs and Procurement leaders alternative short and long-term prescriptions that their procurement organizations can utilize to achieve cost reductions, reduce margin compression and release cash from operations while implementing procurement related best- practices that will separate market leaders from laggards when the market eventually recovers.

Are you taking the right steps to ensure that your company will be ready when it does?

Register now to read the insightful and educative white paper and avoid the crisis...