This story was told about a CFO, but it will serve us well as we talk about procurement this week. It seems as though a certain paper company hired a new CFO from outside our industry. Attending his first budget meeting, the annual budget was being reviewed. This is a large company, the line item for machine clothing was well over 8 digits. Pounding his fist on the table, he said, "This is outrageous. Why are we spending so much on employee uniforms?" He didn't last long.
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