Advocating for Procurement's Recession-Proofing Powers at the Smart Manufacturing Summit
Chicago, IL (September 17, 2019) – From October 6-8, innovators and thought leaders from throughout the manufacturing sector will congregate in the Windy City for the IMPACT Smart Manufacturing Summit. Source One’s spend managers will serve as sponsors for the invitation-only event and offer insights of their own in a presentation on Procurement’s role in mitigating risk. More specifically, they will discuss Procurement’s power to stave off the effects of a recession.
“Risk is always a hot topic for professionals in the worlds of Procurement and Manufacturing,” says Senior Analyst Samuel Cagle. “More than a decade removed from the last major recession, these conversations are growing more intense. Stakeholders in every industry are tailoring their risk management efforts to better prepare for an economic downturn. Many are not sure whether they have what it takes to maintain resilient operations across their supply chain. These companies could benefit from making Procurement a business partner and trusting the function to prepare them for whatever comes next.”
Cagle’s presentation, titled Building a Recession-Proof Business with Help from Procurement, offers guidance informed by Source One’s decades of supply chain innovation. The leading spend management firm empowered a number of organizations to not only survive throughout the 2008 recession, but thrive in spite of uncertainty. Cagle will share some of the lessons they learned throughout these engagements and present a dependable, center-led Procurement unit as the backbone of an effective business.
In addition to Source One’s experts, the Summit welcomes manufacturing authorities from companies including Amazon, Intel, and IBM. In addition to the looming threat of a recession, they’ll discuss the digital manufacturing revolution, the ongoing talent management struggle, the benefits of agile product design, and more.
This December, Source One’s Supply Management specialists will moderate a panel at the Consero Procurement and Strategic Sourcing Forum. They’ll guide executives from companies like Scholastic and Regeneron Pharmaceuticals through a discussion on effective tail spend management. Check in with Source One’s team on their blog, the Strategic Sourceror, for more updates in the lead-up to both events.