SIG Resource Center

Procurement, Savings and Finance - Managing the Relationships

A summary of responses received for this Peer2Peer inquiry is available below.

Original Inquiry

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?

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