Procurement has long been blamed for not fully understanding the business needs, and, instead, placing savings before stakeholder interest and dictating standardized processes and policies. The CPO of UCB, Sebastien Bals, is determined to change that perception by actively collaborating with and taking feedback from internal stakeholders.
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The chemical complex will be driven by crude oil in 2019, with most derivatives mimicking the fall in oil markets in NYMEX and ICE.
In December 2018, China’s central government had asked the authorities of Guangdong province, the country’s export hub, to stop publishing a local purchasing managers’ index (PMI) data for the manufacturing sector.
We have observed that the desired savings are not being captured despite spend consolidation for a particular category. The reason may be that category teams are missing huge opportunities by considering “specs” by suppliers based only on the contribution to the spend.
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