The future, today: The strategic imperative of better forecasting
Being able to take a view of future input prices – for raw materials, transportation costs, and energy prices, among others – is vital if procurement organisations are to make informed decisions about when to buy, the price they should pay, contract length, and hedging strategies.
Furthermore, businesses are becoming ever-more reliant on procurement functions to deliver this information to inform strategic conversations throughout the organisation.
Download this Procurement Leaders whitepaper, published in association with Mintec, to gain insights into:
- The importance of fact-based purchasing decision-making, which will give buyers greater leverage over their suppliers.
- The business-wide benefits of effective forecasting.
- Real-life examples of organisations that have translated this data into effective insights and delivered greater value for the business.