Buyer Analytics

Many buyers didn’t predict the downturn or act fast enough to take advantage of a great buying opportunity. It stands to reason that we might misjudge the potential for an upturn. Perhaps now is the time to plan for the future.

Here are five ideas to get ready for the upturn.

1. Upgrade systems and tools at bargain basement pricing
2. Ensure relationships are in good shape with highly dependent strategic suppliers
3. Lock suppliers into low cost long term deals
4. Implement index pricing and cost models to ensure fair price adjustment
5. Hire strategic sourcing professionals before there is a talent war