{"id":2532,"date":"2008-10-06T13:14:00","date_gmt":"2008-10-06T13:14:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2008\/10\/06\/struggling-to-manage-commodities-prices-dont-miss-this-article-podcast\/"},"modified":"2021-07-16T04:11:18","modified_gmt":"2021-07-16T08:11:18","slug":"struggling-to-manage-commodities-prices-dont-miss-this-article-podcast","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/struggling-to-manage-commodities-prices-dont-miss-this-article-podcast\/","title":{"rendered":"Struggling To Manage Commodities Prices?  Don&#8217;t Miss This Article &amp; Podcast!"},"content":{"rendered":"<p>I hope that you have enjoyed the article \u201cCommodities Prices: Managing The Insanity.\u201d<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>This article was based upon an interview I conducted with Ariba\u2019s Mike Petro. I had become inspired to interview Mike after he wrote this profound statement on Supply Excellence: \u201cThe days of holding annual negotiations to set fixed price direct material contracts are over.\u201d<\/p>\n<p>While the article neatly summarized the fundamental stuff you need to consider in this paradigm-shifting time, the accompanying podcast really took a deep dive into the more challenging issues of commodity management in 2008 and the immediate future. Mike and I explored questions such as:<\/p>\n<ul>\n<li>Are suppliers using inflation news to sneak in unwarranted price increases?<\/li>\n<li>With adjustable prices, how can purchasing and supply management departments continue to contribute to the forecasts that are so strategically important in many organizations?<\/li>\n<li>How should volatile commodities prices influence your inventory strategy?<\/li>\n<li>Once buyers and suppliers agree on a price adjustment provision, is that the end of friction or does that mean that new misunderstandings will arise?<\/li>\n<li>Will contracts with monthly price adjustment clauses change how strategic sourcing is done or even obliterate it from common practice?<\/li>\n<li>How can a purchasing and supply management department communicate its value when prices are going up year after year?<\/li>\n<\/ul>\n<p>If you are struggling with managing the volatile commodities prices, listening to the podcast will be 40 minutes well spent. And, yes, it\u2019s FREE.<\/p>\n<p>Click here to visit the Purchasing &amp; Supply Management Podcast Series page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I hope that you have enjoyed the article \u201cCommodities Prices: [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Struggling To Manage Commodities Prices? 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