The recent economic turbulence has caught many buyers off-guard. Their procurement strategies were geared to a specific market condition, and lacked the flexibility to react to the radical changes currently being experienced.
Just 12 months ago companies were focusing on rising raw material prices and scarce resources, but the current crisis has led to a shift towards cost containment. Although market volatility is likely to continue over the next year, one trend is destined to remain: supplier markets will become more differentiated.
This means that a 'one size fits all' strategy no longer applies.
To help procurement professionals master the tools of their trade, we developed the Purchasing Chessboard — a compilation of insights and experience from more than 500 purchasing projects performed worldwide over the past three years, and thousands performed over the past three decades. The Purchasing Chessboard constitutes 64 methods, each representing a stand-alone way of working with suppliers to reduce costs and increase value.
For more detailed information on the Purchasing Chessboard, please visit www.purchasingchessboard.com.
For more information on how we can help you in this area, please contact us at
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
.
