With change happening faster and disruption being more frequent, raw material buyers risk losing credibility with sourcing strategies that become obsolete before they are implemented - comforting the stereotype that procurement is slow and unable to adapt.
Scenario planning and simulations are fantastic ways to position Procurement as a trusted advisor to business decisions. If oil prices increase 15%, which impact on polyethylene prices? If a 2020-style lockdown happened again, how would steel prices react?
Building upon its market analytics capabilities, Datapred lets you develop such category scenarios, and share them with business partners.