TIME TO RIDE THE DRAGON...Winter is coming…

Companies are facing unprecedented challenges: supply shocks with up to three-digit price increases of primary materials, energy, or transport result in a cost increase of 25–40%. Insecurity of supply, wars and trade conflicts create unparalleled volatility. Many companies try to fight it through “buying security”. But the most successful ones will rather make flexibility to their competitive edge.
Markets are turning the scale for buying organizations, changing the rules of the game.

Procurement is the powerful dragon in every company. Yet, in today’s environment it’s “tamed” if focused on methods from yesterday’s “procurement savings era”. The digital renaissance is reviving the dragon’s fire:
Tools enable digital negotiations, data-driven category strategies, or fully-fledged analytics solutions to manage complex negotiation situations.
Integrated data and the right tools finally allow multi-dimensional trade-off decisions and create real value.

Until today, most of the procurement optimizations have in fact only scratched the surface. Real champions implement cutting-edge purchasing methodologies with tangible, sustainable results: choosing the most
effective levers based on transparency and analytics, executed by strong and resilient negotiation teams. Because it is possible to square the circle: lowering prices, freeing up cash, securing supply security and flexibility. Resulting in additional savings of 5–12% depending on categories.
It is time to ride the dragon!