Recent Posts
The Power of Cost Model Forecasts: A Strategic Tool for Procurement
In the fast-paced world of global procurement, staying ahead of market trends and understanding the nuances of commodity raw material prices is not just beneficial – it's crucial. It’s where Cost Model Forecasts step in as an indispensable tool for businesses aiming to not only navigate the intricate landscape of pricing dynamics but also gain a decisive competitive edge.
Topics: Procurement, Forecasting
The BIG SEVEN in 2023 for Procurement Series: #7 Diversity and ESG
Topics: Procurement
The BIG SEVEN in 2023 for Procurement Series: #6 Data Modernization
Topics: Procurement
How can procurement implement strategies to hedge commodity price risk
Procurement leaders can implement several strategies to hedge against commodity price risk and optimize supplier costs:
Topics: Procurement
Best procurement price hedging strategies to manage suppliers' costs?
What are the best price hedging strategies availabe for procurement teams in order to manage their suppliers' costs for commodity raw materials used in private label and branded finished products?
Topics: Procurement
How can commodity market intelligence reduce the Cost Of Goods Sold (COGS)?
What is Commodity Market Intelligence?
Commodity market intelligence is a type of market and price analysis that focuses on providing insights and information about the prices, trends, and dynamics of commodities and raw materials used in various industries. It includes data and analysis on factors such as demand, supply, geopolitical events, economic indicators, and regulatory changes that can impact commodity prices and market conditions.
Topics: Procurement
What to consider when implementing cost performance benchmarking?
When implementing cost performance benchmarking, organizations should consider the following key features and processes:
Topics: Procurement
The BIG SEVEN in 2023 for Procurement Series: #5 Supplier Relationships
Topics: Commodities, Procurement
The BIG SEVEN in 2023 for Procurement Series: #4 Job Security and the Talent Wars
By Mita Gupta, Board Advisor at Mintec
Before we get into the heart of our discussion on the current talent landscape in the procurement industry – including the need for job security, let's consider some recent industry chatter and insights.
Topics: Commodities, Procurement
The BIG SEVEN in 2023 for Procurement Series: #3 Supply Chain Risk/Resiliency
By Mita Gupta, Board Advisor at Mintec
Who is responsible for or owns supply chain risk in your organization?
Topics: Commodities, Procurement