Remove Global Sourcing Remove Negotiation Remove Risk Management
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Procurement in the Age of Uncertainty: 4 Lessons from the New Forrester Study

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Protecting profitability in the face of inflation isn’t about squeezing suppliers in negotiations, but working together to find ways to reduce costs in the full value chain. Some suites have embedded MDM capabilities that can unify data across the enterprise and fix issues at the source.

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5 Steps Towards Modernizing Supplier Management

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Even reducing costs often depends more on effective collaboration rather than negotiation in today’s market. At the same time, organizations have never been more exposed to risk from their supply chains, from supply continuity, quality, or ESG violations. Effective risk management or improvement plans must include sub-tier suppliers.