Supply Chain Risk Becomes Strategic Imperative as Need for Cost Cutting Continues

Stamford, CT — November 18, 2009 — The relationship between businesses and suppliers is hanging in the balance as cost-cutting options narrow, and chief financial officers (CFOs) and chief procurement officers (CPOs) of large organizations continue to struggle, despite reports of the economy beginning to lift out of the recession, according to a new research report released this week.

According to the report, from procure-to-pay solution provider Basware and leading academic Mark Frohlich, associate professor of operations management at the Kelley School of Business, CFOs and CPOs continue to apply existing approaches in cost control to tackle the ongoing demands of a tough economic climate.