Sourcing in a Downturn
It comes as no surprise that with the current financial situation; purchasing has come under increased scrutiny and pressure to identify and realize as much savings as possible. And while this might seem like an uphill struggle of gargantuan proportions, the fact of the matter is that with the right tactics, financial situations like this are indeed days of bread and butter for purchasing.
Savings opportunities are apparent across the board; from commodities to services. The cost of many metals are at multi year lows, the low cost of oil has cut freight costs by half in many cases and the savings don’t stop with direct materials and logistics. They are prominent in indirect materials and services as well.
The major hurdle for purchasing organizations is not if, but how to manage to realize the available potential.
IBX Sourcing in a Downturn takes a new perspective on how to identify and realize savings in indirect materials and services by focusing on effects of demand elasticity on sourcing tactics.
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