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Procurement teams are challenged by increasingly volatile supply markets and continued pressure to cut costs. But with huge swathes of unreliable public information and diverse datasets from procurement and finance systems, it is harder than ever to build and optimise effective category strategies, and identify valuable opportunities.Find out more
Commodity market volatility in pricing, supply and demand has a direct and significant impact on your organisation’s procurement budget, ability to deliver savings and overall profitability. The trouble is, many commodity markets are exactly that – volatile.Find out more
Modern procurement teams are faced with managing fast-evolving demand-supply situations, disruptive trends and a multitude of vendors, however diverse information sources often result in conflicting indicators.Find out more
Great procurement strategies are built on strong, mutually beneficial supplier relationships. When buyers and suppliers work towards agreed performance goals together – by sharing data, insights and ideas – risks decrease, innovation opportunities are uncovered, and costs can be optimised with ease.Find out more
For businesses with a large supplier base and complex supply chains, managing third-party supplier risk is a major challenge. 61% of CPOs feel procurement risks are increasing, 59% say they are unprepared to address them (Deloitte Global CPO Survey 2019 and The Hackett Group Survey 2019).Find out more
Transportation typically accounts for around half of all supply chain costs. If an organisation lacks the insight needed to optimise transport operations, costs can spiral, other processes can suffer, and customer experiences can fall far short of modern expectations.