Ten percent always works – that’s what everyone who started in procurement learned in their first few weeks on the job. But with inflation setting in last year and currently reaching record levels in the European Union, the old mantra of ten percent cost reduction per year can no longer be realized.
We will show you strategies to circumvent the rising inflation and the tense situation in the commodity markets.
Our detailed specialized articles on the topic of inflation
Procurement teams with the knowledge of all of its cost drivers will find that not every increase is justified. This makes it possible to fend off price increases and look to adapt commercial models to ensure fairness for both sides when commodities start cooling off.
Thibault Lecat, Managing Director and System Leader LAB&F, INVERTO - BCG Company