Building resilience with better data: beating the threat of input cost price inflation
In the wake of severe disruption, businesses’ risk management strategies will face severe tests. For procurement, and not least direct procurement, volatility is both an ongoing threat to continuity and the bottom line – and a significant influence on the effectiveness of procurement strategies for months and years to come.
The decision-making required to meet that challenge requires the right data and the ability to analyse it effectively. How teams prepare themselves in terms of developing capability, integrating a data-led forecasting process into direct procurement strategy, will influence how well their businesses cope with 2022 market conditions and beyond.
What does an effective data-led strategy to counter volatility look like, and what’s required to support that?
Download this whitepaper, created in partnership with Mintec, to find out.