2010 was clearly an improvement over 2009 and it appears in 2011 the trend will continue. This will present different types of challenges for purchasing professionals. Less supplier financial stress will start to be replaced by materials cost pressure. Specifically inflation of most raw material commodities i.e. copper, resin, steel, rare earth, oil, etc. High inflation in China is already in process, In addition, RMB currency risk must be watched as it gains value on the dollar. Good purchasing organizations will continue to get productivity with focus on fundamental strategic sourcing process.
http://www.scdigest.com/ONTARGET/11-01-03-1.PHP?cid=4043&ctype=content
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