Direct impact: How procurement can mitigate spiraling Cost of Goods Sold
Join this Supply Management Insider webinar as we navigate through the supply chain challenges impacting on price volatility and how procurement teams can manage their Cost of Goods and Services (COGS).
Nearly every industry is getting hammered by skyrocketing commodities costs, massive materials shortages and overheated demand. Unfortunately, the news isn’t expected to get better any time soon.
To counteract this trend, procurement teams face mounting pressure to stop prices from spiraling out of control. As such, the CPO must embrace the role of value leader. And procurement teams need the right tools and strategies to curb Cost of Goods Sold (COGS).
In this Supply Management Insider webinar, produced in partnership with GEP, we will discuss innovative approaches to managing the price you pay for raw materials. We’ll also explore leveraging the relationship between SG&A and COGS. Don’t miss the opportunity to make your procurement more impervious to price fluctuations with the technology and techniques to control COGS.
On the agenda:
Building a bullet-proof commodities risk plan
Gaining executive buy-in on pricing strategies
Recognising the value of should-cost models
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Ravi is an experienced professional focusing on direct materials for the Chemicals, Oil & Gas and Industrial verticals. He brings in-depth industry knowledge and global experience leading large-scale transformation programs in procurement, supply chain and M&A synergy capture. His areas of expertise include direct materials strategy and planning, digital procurement, leveraging market intelligence to accelerate value realisation, and advanced analytics.
Paul has over 30 years experience in Procurement. Having worked in manufacturing, services and the public sector, Paul has a wealth of different experience to draw on.
He is currently Procurement Lead at Paid, a procurement software start-up helping large organisations deal with their smaller infrequent suppliers in an effective and efficient way.
Paul is particularly interested in the impact of new technology on the profession.
With more than four decades of experience in the timber industry, Nick Boulton is an expert on the timber trade able to talk on technical standards, international trade, and the UK policy environment. Amidst the rapidly shifting trade environment, he has become the UK timber industry’s go-to source for up-to-date information on issues such as Plant Health, CE marking, and Commodity Codes, as well as a pivotal connection between government, the UK timber industry and EU suppliers.