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Procurement organizations across all industries are wrangling with frequent and unpredictable price fluctuations and increased supply risk, especially in direct materials and commodities. Buyers of direct materials need to become more agile and nimble in the way they source and procure the materials that keep their companies running, given the convergence of these realities:
Rising oil prices that may surpass the turmoil of early 2009
Volatile, inflationary pricing for many commodities and labor
Reduced production capacity within a smaller, leaner supply base
Recent regional political unrest and crippling natural disasters that disrupt global supply chains
Join Jason Busch, Executive Editor of Spend Matters, and CombineNet in this informative webinar to learn about:
Current market dynamics in direct materials and commodities
Improving supplier collaboration to increase efficiencies and drive cost reduction strategies to prepare for rising commodity prices
Quickly and easily responding to changing market conditions by reallocating demand across a pool of approved suppliers
Modeling a better sourcing solution by collecting and analyzing more information from suppliers and stakeholders, including supplier capacity, supplier performance, product quality and other decision factors
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