After locking themselves into a long-term contract, procurement chiefs could be forgiven for only giving the commodity markets a cursory glance over their morning cup of coffee, but recent price moves in the natural gas market prove there is no time to rest on any laurels.
This week’s US Federal Reserve announcement combined with data from China showing that manufacturing rates had plunged caused commodity prices to tail off. Expected, perhaps? But is procurement truly ready?
Reading about the projects undertaken by the winners of this year’s Procurement Leaders Awards gives a sense of just how far procurement has come in just a few years and how the function continues to evolve.
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