In recent time companies around the world have been
experiencing significant changes in how they manage
their procurement. As a direct consequence of the global
financial crisis, prices for materials and services fell
across the board. Just a short time later, prices for
raw materials shot up again, taking us all by surprise.
What are we to make of these developments? One thing
is sure: the volatility of the past months is here to
stay. Companies need to rethink how they manage their
procurement activities. Now is the right time for them
to turn the opportunities that have appeared in recent
months into long-term benefits.
This edition of think:act CONTENT summarizes
our view of how companies can best go about this and
presents our recommendations for action. pdf 2011