Cost Savings - #1 Priority Amid Inflation
This ProSource edition highlights key issues in commodity sourcing amid rising inflation and how to deal with inflationary pressures while lowering the impact on margins.
Hi there!
Trust you're doing well.
It's been 3 years since Procol was officially founded. From a team of 2 to 100 people and managing a little over $500M of spend - we surely have come a long way. I'm full of gratitude to our team, customers, investors - and everyone who ever believed in us.
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Procurement Insights
📊Reorienting procurement teams to mitigate inflation
In the last two years, procurement teams have been aggressively combating cost pressures and supply chain risks while implementing sustainability. Check out some of the key focus areas that can help your company drive value in these hard times.
💵Leaning on cost savings amid market recession
With inflation at a nearly 40-year high, global markets are looking at higher commodity prices and tight labor. In response to inflation and ongoing recession, over 22% CFOs across Wall Street are looking at cost cutting and elevating supplier negotiations.
💰Are savings still possible amid inflation?
While it’s an end for “easy” savings, companies are looking for newer ways and leveraging negotiations to overcome inflationary market scenarios.
📈Impact of Commodity Price Fluctuations on Profitability
Most commodities have experienced considerable fluctuations in the current market volatility. Here is a comprehensive read to understand how commodity price risk can impact your procurement in the longer run.
Events
⚡️International Procurement Conference 2022: Future-Proofing Procurement
by ISM-India | September 27, 2022
Registration Link
🏆Master Class on Supplier Management Excellence
by ISM-India | October 8, 2022
Registration Link
🏅5th Edition Procurement Excellence Summit & Awards 2022
by iValue | November 2, 2022
Registration Link
🚚Global Logistics Show
by Infinity Expo Pvt Ltd | November 9-11, 2022
Registration Link
📌International Conference & Exhibition on Supply Chain of Chemicals
by CHEMLOG India | December 1-2, 2022
Registration Link
Job Opportunities
Analyst- Global Procurement - Walmart Global Tech India
Location - Gurugram, India
Link to the Job
Consultant, Strategic Sourcing - ANSR
Location - Gurugram, India
Link to the Job
Associate Supply Chain Analyst- Inventory Management - Boeing
Location - Bengaluru, India
Link to the Job
Procurement_Category Corp Services and IT - Michael Page
Location - Mumbai, India
Link to the Job
Strategic Sourcing Analyst II - TE Connectivity
Location - Bengaluru, India
Link to the Job
Finance Associate - Procurement - InMobi
Location - Bengaluru, India
Link to the Job
Procurement Manager - DrinkPrime
Location - Bengaluru, India
Link to the Job
Brief introduction
Hi, I am Gaurav Baheti, the CEO of Procol. We help companies transform their procurement process to deliver higher cost savings, reduce turnaround times, and improve visibility. We currently work with 70+ enterprises and manage $500M+ spend.
This is our weekly newsletter where we share crisp insights, hottest jobs, and exciting events in procurement globally.
Ping me at gaurav@procol.in to chat or connect on LinkedIn.