Oil prices hit record multi-year lows recently. With Saudi Arabia and Russia engaged in a price war, and global crude oil demand slipping due to the pandemic — oil prices are likely to remain low for a while.
This presents an opportunity for procurement to drive savings and mitigate some financial impact of the pandemic-induced slowdown.
Wondering where to start? Our latest bulletin, “4 Steps to Extract Savings from the Crude Oil Crash,” provides a rapid action plan for procurement teams to identify, assess and quickly realize savings opportunities across spend categories.
- How to identify categories with greater savings opportunities
- How to develop category-specific strategies for purchasing
- How to use the right negotiation levers
Read it today and learn how you can quickly shift gears to capture savings for your enterprise.