Recession-Proofing Manufacturing with Center-Led Procurement

    CHICAGO, IL, September 17, 2019 /24-7PressRelease/ -- From October 6-8, the manufacturing sector's innovators and thought leaders will gather in the Windy City for the IMPACT Smart Manufacturing Summit. In addition to sponsoring the event, Source One's spend managers will offer insights on Procurement's essential role as a risk manager. More specifically, they will advocate for Procurement's abilities to mitigate the impact of a recession.

"Risk is always a hot topic for Procurement and Manufacturing professionals," says Senior Analyst Samuel Cagle. "Over a decade removed from the last major recession, these conversations are growing more and more intense. Stakeholders in every industry are redoubling their risk management efforts to ensure they're prepared for an economic downturn. Many are not sure whether they have what it takes to maintain resilient operations, let alone maintain their competitive advantages. These companies could benefit from making Procurement a business partner and trusting the function to prepare them for whatever comes next."

Cagle's presentation, titled Building a Recession-Proof Business with Help from Procurement, offers guidance informed by Source One's decades of supply management innovation. The leading Procurement consulting firm empowered a number of organizations to not only survive the 2008 recession, but thrive in spite of uncertainty. Cagle will share some lessons from these engagements and present a strong, center-led Procurement function as the backbone of an effective business.

In addition to Source One's specialists, the Summit welcomes manufacturing authorities from companies including Intel, Amazon, and IBM. In addition to the looming recession, they'll discuss the ongoing talent management struggle, the benefits of agile product design, and more.

In December, Source One's Supply Management team will moderate a panel at the Consero Procurement and Strategic Sourcing Forum. They'll guide executives from companies like Scholastic and Regeneron Pharmaceuticals through a discussion on strategic tail spend management. Check in with Source One's blog, the Strategic Sourceror, for more updates in the lead-up to both events.

Source One is the premier procurement services provider and spend management consultancy Since 1992, our team of strategic sourcing specialists has supported best-in-class organizations in optimizing their approach to procurement and driving more value from their supplier relationships. We work as an extension of clients' existing teams and save them time and resources by applying our expertise, tools, cross-industry best practices, and customized supply management solutions. To learn more about Source One, a Corcentric company, visit us online at: https://www.sourceoneinc.com/consulting-tools/consulting-services/procurement-transformation-advisory/

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