Friday, May 26, 2006

Hot Procurement Update

Last week I used my Junior High math skills to estimate the impact of increased margin's on HP's (NYSE HPQ) recent 51% earnings increase and speculated on the role that procurement may have played.

Yesterday, Larry Welch confirmed it on
"I can say with confidence that much of that improvement has come from cost-cutting, with procurement across the board at HP making a substantial contribution to the results."
This article goes on to describe the steps that HP is taking to transition their leading Spend Management practices from high-ROI initiative to an enterprise-wide embedded business practice by focusing on technology and human capital in concert in 4 critical areas: leverage, compliance, culture and policy.


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