Regarding procurement, less is more – sometimes
In recent months, companies around the world have been experiencing significant changes in how they manage their procurement. As a direct consequence of the global financial crisis, prices for materials and services fell across the board. Just a short time later, prices for raw materials shot up again, taking us all by surprise.
What are we to make of these developments? One thing is sure: the volatility of the past months is here to stay. Companies need to rethink how they manage their procurement activities. Now is the right time for them to turn the opportunities that have appeared in recent months into long-term benefits.
This edition of think:act CONTENT summarizes our view of how companies can best go about this and presents our recommendations for action.