ADDICTED TO COST CUTTING
NO SURPRISE THE CO. IS IN THE SHITTER
DON'T LET THE STOCK FOOL YOU
Novartis productivity boss seeks procurement's full potential
July 26, 2011 — 7:13am ET | By George Miller
Novartis' global head of productivity strategy believes the procurement function has become a victim of its own success. While systematically driving cost savings "to impressive results," procurement pros may have built a box around themselves.
Sammy Rashed blogs that execs have become "addicted" to the incremental cost savings delivered courtesy of the procurement office, and they are now unable to imagine any larger role for the function in business success. Undeterred, Rashed has set out from his operational management role with a cohort from finance to "assemble the blueprint for generating...greater productivity" for Novartis while also finding the next horizon for the procurement function. He hopes to move procurement from an agent for growing the bottom line to a force that increases overall operating income
NO SURPRISE THE CO. IS IN THE SHITTER
DON'T LET THE STOCK FOOL YOU
Novartis productivity boss seeks procurement's full potential
July 26, 2011 — 7:13am ET | By George Miller
Novartis' global head of productivity strategy believes the procurement function has become a victim of its own success. While systematically driving cost savings "to impressive results," procurement pros may have built a box around themselves.
Sammy Rashed blogs that execs have become "addicted" to the incremental cost savings delivered courtesy of the procurement office, and they are now unable to imagine any larger role for the function in business success. Undeterred, Rashed has set out from his operational management role with a cohort from finance to "assemble the blueprint for generating...greater productivity" for Novartis while also finding the next horizon for the procurement function. He hopes to move procurement from an agent for growing the bottom line to a force that increases overall operating income