CPOs haven’t exactly ignored their cost of goods sold (COGS) spend, but they’ve had more pressing priorities. Time to shift the focus back to controlling direct spend. But are procurement teams prepared to pivot?
A new paper from GEP and Supply Management Insider — Code Red for Procurement: Why CPOs Need to Pivot Focus to Mitigating Direct Costs — provides a road map to managing COGS spend in volatile times.
GEP experts John Piatek and Ravi Sethi weigh in on this next phase in the effort to manage direct spend.
- Assessing your commodities risk strategy
- Finding the right digital tools for your team
- Engaging outside experts for a fresh perspective
This paper is a must-read for procurement professionals as they look for ways to refocus their efforts on controlling COGS.