Question
You have 200 suppliers with $100M spend in the category. Your assigned contracts have different expiration dates with 20% of these contracts expiring within the
You have 200 suppliers with $100M spend in the category. Your assigned contracts have different expiration dates with 20% of these contracts expiring within the next 6 months.Your business segment is experiencing flat or negative productivity year over year. The growth platform in the portfolio is $130M planned over next 5 years. In addition, it is expected that new platforms will be added. Scenario: In putting together your commodity strategy, be sure to outline the following: In this scenario, what would your priority be and why? What stakeholders would you talk to and questions would you pose to them? How would you approach or prioritize resolution of the 20% of contracts expiring near term? What tradeoffs would you leverage to improve productivity? How would you leverage High Growth Region (HGR) suppliers? How would you set up your portfolio to successfully support 30% growth over the next 5 years?
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