Comment from Jacob Fellman, vice-president, Chad Bailey, vice-president, NGP Capital
Procurement is a key insertion point for end-to-end supply chain management as it is one of the first steps taken in the supply chain journey. Suboptimal procurement strategies or processes can have ripple effects throughout the entire supply chain, down to the end customer and company cashflows.
A worst-case example is mass recalls – a scenario that can deteriorate both brand equity and cash lows for months or even quarters after the…
