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Businesses should examine their costs, risks, supply chains and skillsets in preparation for the expected economic upturn, say procurement specialists ADR International.

Bill Michels, CEO of ADR North America, says many companies have rationalised, closed plants and “taken drastic steps to adjust staffing to meet reduced demand.”

In the latest eBulletin from ADR International, Michels says stimulus funds are now being released, financial markets are beginning to unfreeze and banks are starting to pay back government loans.

This presents opportunities for businesses to rethink and restructure their approaches to procurement and supply management. This could include organising teams with a core focus on cost and value improvement, automating administrative tasks and outsourcing management of low-value expenditures.

“As we see the recovery of the economy, there will be limited time to capture the short-term opportunities available from the economic recession,” Michels says.

Rebecca Howard, Director of ADR Learning, the training and development division of ADR International, highlights the thinking of US training guru Donald Kirkpatrick in her piece for the eBulletin.

Kirkpatrick’s methodology, based on four levels of evaluation, ensures that your training is effective and “produces learning that people can go straight back to their workplaces and put into action,” Howards says.

She concludes: “The nub of what Kirkpatrick says is: it's the results that count. If you're spending money on training and development you want to know that it will make a real difference.”

The eBulletin also highlights the new ADR Academy, launched by ADR North America with the US Institute for Supply Management. It offers low-cost modules in key areas of procurement and supply management on the Internet (www.adracademy.com).

Ends

Please view the ADR International’s July eBulletin at
www.adr-international.com/BusBrief-July09-Time_to_rethink.sh...

About ADR International

ADR International is one of the world’s longest-standing global procurement consultancies, helping clients improve every aspect of their procurement activity. Its main areas of expertise include procurement transformation, training and development, sourcing, permanent and interim recruitment, technology and audit.

Clients include GE, Pfizer, Nokia and Alcan. ADR International also works with public sector organisations in local government, policing and the UK’s National Health Service.

ADR International is headquartered in London, UK and ADR North America is based in Ann Arbor, Michigan. ADR International also has offices in Sydney, Australia; Johannesburg, South Africa; and Prague, Czech Republic.

For more information please visit www.adr-international.com

Media contacts

Europe

Mark Whitehead
+ 44 (0)208 348 3103 or 07906 720141
markwhitehead@headlinemedia.co.uk

North America

Robert Rossbach
+1 313 402 9831
bob@rossbach.tv

This press release was distributed by ResponseSource Press Release Wire on behalf of Headline Media Ltd-ADR International in the following categories: Business & Finance, for more information visit https://pressreleasewire.responsesource.com/about.