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Where are prices headed? How can I reach cost savings targets amidst volatile commodity markets?
The cost of raw material is hitting the bottom line of organizations across all industries around the world pushing the price of material inputs to one of the top five global business risks in the Lloyd’s Risk Index, climbing three spots since 2011.
Amidst today’s global economic uncertainty and volatile commodity markets, organizations are increasingly focused on finding ways to reduce material costs. Having an effective procurement strategy that drives Operational Excellence is critical to reaching cost savings targets.
During budget planning, using last year’s escalation rate can be a mistake in volatile markets, and broad measures like the CPI fail to capture the individual components that make up the category spend. Join this 1-hour webcast to obtain price forecasts and cost insight directly from leading economists and industry analysts to derive your 2014 purchasing strategy, minimize material costs and achieve a competitive advantage.
Gain answers to questions, including:
-Steel: Are low prices the double-edged sword that threaten your supply chain?
-Energy and Chemicals: When will chemicals and plastics buyers see benefits from advantaged natural gas costs in the United States?
-Nonferrous metals: What is the two-year pricing outlook?