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From the March 2018 Issue: Why procurement matters

Finding solutions to the rising cost of supply is just one reason why procurement matters (as if readers who are planning on attending ISM 2018 in Nashville have any doubts)

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This is an excerpt of the original article. It was written for the March-April 2018 edition of Supply Chain Management Review. The full article is available to current subscribers.

March-April 2018

"Inflation creeps into U.S. Supply Chain.” So said the headline on a Wall Street Journal article I read this morning before writing this column. The Journal went on to write that U.S. companies are grappling with rising material and ingredient costs on top of pressure from higher wages—a potential double whammy— and noted that companies like Whirlpool and Ford have already issued warnings to the market.
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“Inflation creeps into U.S. Supply Chain.” So said the headline on a Wall Street Journal article I read this morning before writing this column. The Journal went on to write that U.S. companies are grappling with rising material and ingredient costs on top of pressure from higher wages—a potential double whammy— and noted that companies like Whirlpool and Ford have already issued warnings to the market.

Finding solutions to the rising cost of supply is just one reason why procurement matters (as if readers who are planning on attending ISM 2018 in Nashville have any doubts). It’s especially the case in what is turning into a potentially thorny economic environment characterized not just by the increasing costs of supply and labor, but the end of the era of cheap money. This is the time for procurement professionals to shed their suits, bust out their Superman capes and demonstrate their value.

In this, our annual procurement issue, we’re bringing you five features focused on delivering value and avoiding potholes along the way.

This complete article is available to subscribers only. Log in now for full access or start your PLUS+ subscription for instant access.

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Sorry, but your login has failed. Please recheck your login information and resubmit. If your subscription has expired, renew here.

From the March-April 2018 edition of Supply Chain Management Review.

March-April 2018

"Inflation creeps into U.S. Supply Chain.” So said the headline on a Wall Street Journal article I read this morning before writing this column. The Journal went on to write that U.S. companies are grappling…
Browse this issue archive.
Access your online digital edition.
Download a PDF file of the March-April 2018 issue.

Download Article PDF

“Inflation creeps into U.S. Supply Chain.” So said the headline on a Wall Street Journal article I read this morning before writing this column. The Journal went on to write that U.S. companies are grappling with rising material and ingredient costs on top of pressure from higher wages—a potential double whammy— and noted that companies like Whirlpool and Ford have already issued warnings to the market.

Finding solutions to the rising cost of supply is just one reason why procurement matters (as if readers who are planning on attending ISM 2018 in Nashville have any doubts). It's especially the case in what is turning into a potentially thorny economic environment characterized not just by the increasing costs of supply and labor, but the end of the era of cheap money. This is the time for procurement professionals to shed their suits, bust out their Superman capes and demonstrate their value.

In this, our annual procurement issue, we're bringing you five features focused on delivering value and avoiding potholes along the way.

SUBSCRIBERS: Click here to download PDF of the full article.

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MR

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About the Author

Bob Trebilcock, MMH Executive Editor and SCMR contributor
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Bob Trebilcock is the editorial director for Modern Materials Handling and an editorial advisor to Supply Chain Management Review. He has covered materials handling, technology, logistics, and supply chain topics for nearly 40 years. He is a graduate of Bowling Green State University. He lives in Chicago and can be reached at 603-852-8976.

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