Product innovation
13 September 2012
Procurement at telecoms company Lucent aims to help the company’s recovery by taking over the management of its suppliers’ products. Colleen Harris explains
A silence fills the corridors of Lucent Technologies’ Swindon office. Recent reports reveal the company is making losses for the twelfth consecutive quarter. A rapid downturn two years ago plunged the once buoyant telecommunications firm into chaos. Global restructuring and a staff cut – from 126,000 to a target of 35,000 by September – followed.
Procurement at...