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Companies in all industries and all over the world have accepted the reality that market conditions will remain uncertain for the foreseeable future. In fact, 62% of the companies in the S&P 1500 index did not provide an annual forecast this year - some even stating that there is just too much uncertainty to be accurate (WSJ, 9/22/21).
But while CFOs can decline the option to provide external annual guidance, procurement teams have to find a way to succeed - no matter what. In this AOP Live session, presented in cooperation with the team at ProcureAbility, we will provide insight into current and (likely) future market dynamics and then help you understand which mitigation strategies will be the most effective.
Join Sherri Barnes, ProcureAbility’s Director of Market Intelligence Services, and Kristen Rellihan, one of their Senior Advisory Managers, as they answer your live questions about:
- What is happening with inflation, which industries and categories are already being affected, and which ones are next?
- What signals should procurement watch for when deciding which market conditions they need to pay the most attention to?
- How to use mitigation strategies such as index-based pricing, deconstructed pricing, should-cost modeling, TCO, and more.
After attending this session, you will be able to pair market conditions that are beyond procurement’s control with strategies and tactics that at least re-establish effective management of the company’s supply chain - no matter what.