Getting ahead in volatile markets: How sourcing teams are winning with dynamic market sourcing
Amid the disruption caused by geopolitical tensions, a global pandemic and extreme volatility, procurement teams have battled to manage costs and ensure supply continuity.
The result has been a significant increase in uncontrolled, off-contract spending as buyers battle to keep the lights on. Despite the uncertain and opaque environment in which they operate, one fact is clear to procurement organisations: going about business as usual is not good enough if the function is to deliver on the aims of the business.
However, disruption has encouraged a number of companies to leverage automation and adopt dynamic pricing to cope with the pace at which markets are moving. And these organisations are seeing the returns on their investment.
Download this latest Procurement Leaders whitepaper, published in partnership with Keelvar, to gain insights into:
- The pressures on procurement teams that are pushing many category managers to focus on tactical buying – and the value organisations are leaving on the table as a result.
- The role dynamic sourcing can play in helping companies overcome price and capacity volatility.
- Case studies from companies that have leveraged technology to gain a competitive advantage and deliver resilience at scale.