Cost management will always be a priority for procurement, but it cannot be at any cost. Supply security is paramount, as organizations in Europe have learned the hard way.
As Europe contends with commodity and energy shortages, the newest GEP bulletin, Direct Materials Procurement in Europe: Five Imperatives To Ensure Supply Continuity, discusses fresh procurement strategies that will help secure supplies and prevent production outages. It also examines the need to define new procurement metrics that align with the changed priorities.
The bulletin is a must-read for direct materials managers and CPOs who want to reduce supply risk and maintain business continuity.