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Don't relax during recovery, buyers told

02 Feb 2010

Source: SupplyManagement.com, 27 January 2010

UK buyers must continue to slash costs and innovate following news that the economy has officially come out of recession.

This was the message from both public and private sector purchasers in response to figures showing GDP growth of 0.1 per cent in the last three months of 2009.

CIPS chief executive David Noble said that although his organisation welcomed the encouraging and positive signs, the severity of the recession meant the economy was “not out of the woods”.

He stressed that purchasing had an ongoing role in the UK’s emergence from the financial crisis.

“The procurement profession must continue to help business to innovate and differentiate – not only to survive the current economic landscape but also by preparing to thrive in better times,” Noble said.

Procurement coach Neil Deverill said “cautious commitment” was in order and warned buyers not to rush into any strategy changes because of the slight upturn.

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