Best Practices Library

1679069337417

Squeezing Out Costs in a Falling Demand Market

Buying organizations always find themselves challenged in slower markets to identify cost reduction opportunities, as well as manage market volatility. In a market with slowing demand, a number of strategies and tactics can help a company better manage margins. This research report offers 5 strategies to help achieve cost savings in slower markets.

Free Download
Screen Shot 2022-06-28 at 9.30.20 AM

Should-Cost Models:
 The Ultimate Saving Hack

A should-cost model provides procurement professionals with the most powerful means to negotiate, for example, the price of aluminum per pound. This becomes possible because should-cost models break down all of the elements that make up that price.

Free Download
Screen Shot 2022-06-28 at 9.25.46 AM

How Executive Teams Expect Procurement to Save Money

Communicating commodity volatility with executive members remains a key function of the procurement organization. Without it, executive teams don’t have the information needed to make critical decisions. Read to understand how to present information to executive teams.

Free Download
Screenshot 2023-01-25 at 4.18.01 PM

The 5 Biggest Cost-Saving Sourcing Tactics

For new procurement professionals or those that have the exciting responsibility of managing a metals category for the first time, this brief on the 5 best practices of metal-based sourcing can help with upcoming supplier negotiations. This briefly describes how to use cost breakdowns.

Free Download
Screen Shot 2022-06-28 at 9.39.00 AM

The Art of Timing Your Buy

Some may argue that timing purchases appears speculative. Spot buying, however, also means speculative buying! Understanding a metal’s short term and long term price trend allows buyers to alter strategies in falling, sideways, and rising markets.

Free Download
Scroll to Top