For utility procurement teams facing a sellers’ market, a portfolio of change initiatives can prevent purchased goods and services from becoming the highest-growth cost center. Five strategies can be used to cope with turbulent supply markets: (1) Build Out and Integrate Your Supply Market Intelligence Function, (2) Diversify the Supply Base to Foster Competition and Improve Security of Supply, (3) Identify and Realize Specification Changes to Offset Escalation, (4) Establish Strategic Supplier Alliances, and (5) Consider the Power of Outsourcing.
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Read MoreJournals We interviewed global senior retail executives for the Retail And Consumer Journal, Volume 8, on the pandemic challenges they faced and the new opportunities it provided.Changing Consumers, New Opportunities
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Read MoreInsights Four ways to move beyond fear.How To Make Risk Functions More Courageous
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Read MoreInsights Retail’s Revolution - How To Navigate It?
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Read MoreInsights Interview with Gaston Bottazzini, Chief Executive Officer at Falabella S.A.Accelerating Adaptation At Pandemic Pace