What can Procurement Leaders do amid Rising Inflation?
This ProSource edition highlights procurement challenges amid rising inflation and how leaders can overcome the situation with value creation.
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It's been 3 years since Procol was officially founded. From a team of 2 to 70 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
📝Responding to inflation and volatility
To respond to the urgent challenges in the current market, as well as any future uncertainty, procurement organizations can apply a much broader set of levers to create value.
💰How Procurement Organisations Can Protect Against Inflation
Protecting against inflation typically requires a change in mindset regarding using new analytics, adopting a cross-functional approach, and coordinating with marketing to manage rapid price changes, among other steps.
⏳High inflation: uncharted waters for supply management
The best inflation-fighting strategy depends on a company’s overall strategy, risk tolerance, operational constraints, end-product market dynamics, and supplier relationships as well as the category.
🧑🏻💼The CEO’s guide to inflation management
While the challenges faced by companies in different industries are multifaceted and complex, following the 7 golden rules to navigate commodity inflation will help any company achieve their short- and midterm operations priorities.
📈Is Inflation Killing Your Supply Chain?
Inflation is a tricky topic for many of us – frequently discussed, but often not understood, especially when it comes to the negative impacts. But now, for supply chains, this knowledge is more critical than ever.
💡New Age Sourcing Technology To Optimize Costs
Unlike the traditional sourcing process, strategic sourcing not just focuses on the purchase price of the material. Modern-day CPOs are keen on equipping their sourcing team with tools and resources to deliver the best value.
Events
🔍Categorypalooza 2022
by ProcurementIQ | August 11-12, 2022
Registration Link
🗓International Conference on Materials Management and Procurement
by International Research Conference | August 16-17, 2022
Registration Link
📌Procurement Leaders Summit
by Kamikaze B2B Media | August 18, 2022
Registration Link
🌿Food Logistics India
by koelnmesse | September 14-16, 2022
Registration Link
💼25th Annual IT Procurement Summit
by CAUCUS | November 7-8, 2022
Registration Link
Job Opportunities
Analyst - Procurement Category Management - Deloitte
Location - Hyderabad, India
Link to the Job
Specialist - Procurement - SoftwareONE
Location - Gurugram, India
Link to the Job
Associate Manager-Procurement - Accenture
Location - Gurugram, India
Link to the Job
AM - Procurement - Sapphire Foods India Ltd
Location - Mumbai, India
Link to the Job
Purchasing Executive - DNY Hospitality
Location - Thane, India
Link to the Job
Procurement Specialist - Purchase Order - Giant Eagle GCC
Location - Bengaluru, India
Link to the Job
Packaging Procurement Manager - Urban Platter
Location - Mumbai, India
Link to the Job
Analyst - GBS Procurement - Flex
Location - Chennai, 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 60+ 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.
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