Price volatility is a fact of life for Procurement professionals across the globe, with far reaching ramifications across the supply chain as well as the bottom line. It is critical to not only understand the issue of price volatility but also know how best to react and manage it. This session will present a fundamental discussion of price volatility, its various influencing factors and present intelligence tools and frameworks that the procurement executive can utilize to immediately improve this critical element of their strategy. The discussion will be explained using technical examples as well as real world examples from Merck.

Contributors: Merck, The Smart Cube
Categories: Summit Presentations
SRC Type: Policies, Procurement Operations