Cost-Savings Challenges
Top challenges Procurement/SCM organizations face with suppliers that affect achieving cost savings include, limited leverage due to sole-source or single-supplier situations, limited supplier competition in key categories and market volatility affecting prices and supply. By proactively addressing these challenges organizations can strengthen their negotiating power, stabilize supply and pricing, and unlock meaningful cost savings, ultimately boosting resilience and competitiveness. Members can access Cost Savings Management Best Practices in the CAPS Library to see the full report.
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