Hackett: Forbes.com, "Logistics: Better Procurement"

Business Wire, Jan 3, 2007

ATLANTA -- Research on procurement practices by a strategic advisory firm, The Hackett Group, has made it clear that top procurement organizations spend 25% less on procurement activities than typical companies.

Beyond expertise in direct spending practices by organizations, the real opportunities appear to be mastery of those indirect spending areas that have traditionally have not been within procurement control. Re-engineering supplier and internal relationships can gain economies of scale and significantly improve the tools that leverage the cost negotiations process.

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About The Hackett Group

The Hackett Group (www.TheHackettGroup.com), a strategic advisory firm and an Answerthink company (NASDAQ: ANSR), is a global leader in best practice research, benchmarking and business transformation services that enable world-class performance across selling, general & administrative (SG&A) and supply chain activities. Hackett provides strategic insight, best practice advice and implementation services grounded in performance metrics obtained through 14 years and 3,500 benchmark studies.

Through the acquisition of REL Consultancy Group, the world's largest firm dedicated to generating cash improvement from working capital and operations, The Hackett Group has deepened its advisory capabilities in the area of working capital optimization. For more than 30 years, Hackett-REL Total Working Capital advisors have helped clients in over 60 countries liberate billions of dollars in working capital ($25 billion in the last ten years alone), creating the financial freedom to fund their strategic objectives including acquisitions, product development, debt reduction and share buy-back programs.

Executives use Hackett's unique, empirically-based approach to prioritize initiatives, execute faster, reduce risk and deliver sustainable results. Our clients comprise 97 percent of the Dow Jones Industrials, 77 percent of the Fortune 100 and 50 percent of the FTSE 100.