- 18 Downloads
The global recession has hit hard in many areas and all major functions of organizations have been impacted. Figure 1.1 summarizes some of the challenges organizations face in light of this situation. The importance of developing and managing innovative strategies in the field of procurement is clear. From a historical perspective, procurement has undergone huge transitions, especially in the last decades, in the sense that organizations have had to deal with pressures relating to cutting costs and increasing profits.