{"id":2424,"date":"2008-01-10T14:26:00","date_gmt":"2008-01-10T14:26:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2008\/01\/10\/profit-surge-because-of-or-in-spite-of-procurement\/"},"modified":"2021-07-29T11:00:08","modified_gmt":"2021-07-29T15:00:08","slug":"profit-surge-because-of-or-in-spite-of-procurement","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/profit-surge-because-of-or-in-spite-of-procurement\/","title":{"rendered":"Profit Surge Because Of, Or In Spite Of, Procurement?"},"content":{"rendered":"<p>An article in today\u2019s Pittsburgh Post-Gazette reported that Alcoa had a big quarterly profit surge. I found the CEO\u2019s quote a little ambiguous as to the reason.<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>He said: \u201cWe battled substantially higher material input and energy costs, and currency impacts while simultaneously continuing to execute on the largest capital investment program in our history.\u201d<\/p>\n<p>So, with sales declining and profits increasing, costs obviously went down. But because three of their business units reported lower earnings, the fact that \u201cAlcoa blamed [those units\u2019] slide on higher freight and energy costs,\u201d and the CEO saying they \u201cbattled substantially higher\u201d procurement-related costs, it is unclear whether reductions in other costs more than offset higher procurement-related costs.<\/p>\n<p>I searched the Internet for their 4Q filing to see if the cost of goods sold decreased, but didn\u2019t find one yet.<\/p>\n<p>So did they \u201csuccessfully\u201d battle those costs or not?<\/p>\n<p>I\u2019m confused.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An article in today\u2019s Pittsburgh Post-Gazette reported that Alcoa had [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Profit Surge Because Of, Or In Spite Of, Procurement? 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