Manufacturing’s Procurement Black Hole: Sourcing and Commodity Management [PRO Content]
Earlier this week, Spend Matters and MetalMiner convened for our joint event, Commodity/PROcurement EDGE. We welcomed a range of manufacturers, technology providers, and consultants focused primarily on direct materials procurement and procurement technology solutions spanning a broader range of spend areas. Coming out of the event – and based on our research leading up to it – we saw several trends within manufacturing companies suggesting that most procurement organizations (except a handful of exceptions at the top) are really failing the business and ultimately, shareholders in deploying the right sets of strategies, tools, and tactics to bridge commodity management, sourcing and broader procurement activity. Click through to read the key areas where they’re coming up short.