Procurement management key to smooth operations and profitability

摘要

For a chemical conglomerate like Wacker, sourcing raw materials, goods and services from the most efficient suppliers at the right time and right price, has a big impact on profitability. The scale of operations is evident from the fact that in 2010, Wacker spent about ?2.8-bn on procurement - this figure comes to about 60% of its sales revenue for the year.