'Low margin businesses are particularly vulnerable to disasters beyond their control.' (Financial Times, November 26th)\r\n\r\nGiven the truth of this statement and the volatility of market conditions, it is critical that any Procurement strategy must be thoughtful about actions which:\r\n\r\n- force down prices without adequate understanding of the consequences to the supplier's margin\r\n\r\n- consolidate the supply base to a) increase negotiation strength and b) cut administrative costs, but thereby reduce protection against 'disasters'\r\n\r\n- embrace global markets to a degree that significantly reduces the ability to predict or manage 'disasters'
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