Inflation is a global concern that is expected to linger throughout 2022 and 2023. Companies can’t solely respond by passing price increases along to buyers. As a result, procurement and finance leaders must team up on the right strategies and tools to mitigate the impact of rising costs on their enterprises and customers.
How can procurement leaders rise to this latest challenge? Modern procurement processes demand cost/pricing intelligence and modeling tools as part of a data-driven platform.
Robust technology is the foundation for the market data and intelligence to support enhanced decision-making. Working alongside finance, procurement needs visibility into input costs and total value chain costs as well as short- and long-term positions.
Experts from GEP and SIG will outline the platform capabilities that organizations need to alleviate inflationary pressures.
On the Agenda:
- Mitigating inflation’s impact with an integrated source for cost and price data
- Leveraging machine-learning-enhanced insights to better manage costs
- Monitoring indicators related to macroeconomics, commodities, and other costs