Cost Reduction Strategy & Risk Avoidance
Slides by Stephen McLaughlin, Vice President Global Sourcing & CPO of Tempur Sealy International at Proucrement Success Summit 2017
"Highly Effective Procurement Organizations Maintain Balance While Delivering Results."
A. Cost Reduction
• Material Cost
• Total Cost of Ownership
• Cost of Quality
B. Risk Mitigation
• Types of Risk
• Risk Management
C. Balancing Cost & Risk
• Integration into Category Mgmt Strategies
• Communication of Business Risks
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