Direct Material Sourcing in 2024: Strategies for Success

Direct material procurement has become more complex than ever amid cost fluctuations, demand variability, supply uncertainties and expanding sustainability goals. Procurement leaders must assimilate learnings from the past years and rethink their priorities and metrics. In this GEP podcast, Virat Venkataraman, director of consulting, and Vinita Singh, associate director of product marketing, discuss the most pressing challenges in direct material sourcing and walk you through proven strategies to enhance resilience in the year ahead. What you’ll hear: •            How to balance costs and supply security with real-time intelligence and visibility •            Ways to improve demand forecasting with cross-functional collaboration •            Case studies about implementation of innovative sourcing strategies