Updating Commodity and Direct Material Sourcing Strategies For 2015 [Plus+]

Supplier compliance

Procurement organizations often put inordinate amounts of time into defining and implementing strategic sourcing and category management processes that typically work well for indirect materials, services (even complex services) and some finished parts/products/SKUs on the direct side. But for a range of raw, base or semi-finished commodities and materials, strategic sourcing – as we think about it today – simply doesn’t work as well as it could. Based on case study data, this Spend Matters Plus post provides a refreshed approach to both commodity and direct materials sourcing and supplier management beyond simply wrapping a process around haggling with producers/manufacturers, distributors and/or hedging prices and demand.

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