Abstract
A major argument in favour of privatisation is that it prompts the companies involved to increase efficiency in order to survive in their new environment. This implies, inter alia, a reconsideration of external resource management with a view to maximising its contribution to the bottom line. This study provides evidence on procurement changes in seven UK privatised companies based on a questionnaire completed by procurement managers of these companies and semi-structured follow-up interviews. The results suggest that, in general, there have been some substantial changes in procurement since privatisation. However, in the main these were driven initially by cost-cutting pressures. More recently, the companies have begun to adopt what may be viewed as a more “strategic” approach to external resource management.
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