A summary of responses received for this Peer2Peer inquiry is available below.
We are curious to know if there are any companies who have incorporated “strong-form budgeting” where budgets are adjusted to incorporate changes in the savings process.
1. Is there a strong relationship between your Procurement department and Finance department?
2. Is your Procurement department involved in the Budget/Forecast/Outlook process?
3. Does a Procurement representative attend Budget/Forecast/Outlook meetings?