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.
-
Read MoreInsights Bringing Omnichannel Beauty to the Next Level Interview with Maggie Chan, Greater China Managing Director at Sephora -
Read MoreInsights A Brand Voice That Rises Above Interview with Steve Henig, Chief Customer Officer at Wakefern -
Read MoreInsights Social Justice, Financial Regulation, and The Biden Administration Social justice was a key campaign theme for President Joe Biden. There is every reason to believe this theme will be applied to financial regulation. -
Read MoreInsights Implementation Of Sustainable Development Goals Recommendations for potential mitigation actions to achieve access to third-party data sources.