Top 4 things that I will DO in Q4 to create a HIGH IMPACT in Procurement organization: 1) Costs Management: Are you able to rejig your costing models to leverage the current situation? A) Falling commodity prices: - Aluminum is down by 30% YoY, Zinc by 22%, Copper by 27% - Steel by 33% B) Rising Energy prices: Recent decision by OPEC to cut Oil product, could be the catalyst to accelerate the recession apprehension. But, I think we are scheduled to see Crude back at 110+ leve

2023 is going to be a game-changer for the truly advanced Procurement team, and it is going to be a nightmare for mediocre ones. Why? Well, almost everybody is apprehensive about the 2023 economic scenario. Weakening consumer demand and lesser sales revenue would mean additional pressure on cost optimization (and hence procurement) for margin improvement. This, combined with the Supply chain crisis and inflation, is forming the Bermuda Triangle for Procurement in 2023. Cost s