Companies need to reduce the cost of procurement and look for new suppliers, who are ready to supply same products for less money

14 april 2015 | Rossiyskaya Biznes-Gazeta

"Rossiyskaya Biznes-Gazeta", referring to the study by the Center of electronic trading B2B-Center, says that nearly half of large companies have not changed the procurement business processes during the crisis, and the budget of purchases was reduced only in 17% of companies. Moreover, almost half of the companies had to take optimization measures, traditional for such unstable situation.

Tatiana Radchenko
Tatiana Radchenko
Deputy Head

The study showed that the majority of companies try to expand the pool of providers (68%) in a difficult economic situation, but only 35% develop their own procurers. Even fewer companies (21%) are ready to seek new channels of procurement together with other companies, the newspaper writes.

"The reason is not the lack of desire to develop reliable suppliers, but the refusal from the "traditional" suppliers. Avoiding their support indicates, that companies have a need to reduce the cost of procurement and look for new suppliers, who are ready to supply the same products for less money", commented on the situation to "Rossiyskaya Biznes-Gazeta" Tatyana Radchenko, the Head of the Department for Competition Policy of the Analytical Center.

The crisis will not provide large companies with great opportunities, says Ms. Radchenko. "Most of the big companies have loans, including those in foreign currencies. The increase in payments on loans with reducing the availability of credit will affect both investment program and procurements", said the expert.