Capitalizing on Market Conditions - Top Categories to Source Now
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Even in the current economy there are bright spots for strategic sourcing organizations. Tremendous volatility in commodity prices and a recession provide a higher opportunity to deliver cost savings to the bottom line of your organization. Whether you have a well established strategic sourcing initiative or are developing a new approach to spending and supplier management, learn what a "buyer’s market" means for your current relationships with suppliers and how it will impact them going forward.
The Top Categories to Source Now complimentary webinar will discuss how to capitalize on the benefits of a buyer’s market. Specifically, it will address:
- Direct and Indirect products and materials that are experiencing the greatest price fluctuations
- Strategies to drive sourcing savings from these industry segments
- Timing issues to implement your new sourcing strategy
- Next steps in monitoring supplier relationships, contracts and getting a leg up on your industry peers
Patrick Furey joined Ariba (previously FreeMarkets) in February of 2000, and he currently serves as Senior Category Manager in the Global Sourcing Operations organization. He leads a team of fourteen Category Managers, who cover markets ranging from Steel and Thermoplastic Resins to Temporary Labor and Transportation. Mr. Furey has represented Ariba as a featured speaker at more than thirty procurement and technical conferences in the past three years. He serves as one of Ariba’s media spokespersons, and he has recently been quoted in the Wall Street Journal, the Financial Times, the Pittsburgh Post-Gazette, and IndustryWeek. In addition, Mr. Furey was interviewed last year by CNN on the Lou Dobbs show regarding product recalls and supply chain quality.
Prior to joining Ariba, Mr. Furey was employed by AMP, Inc. (now Tyco Electronics) in Greensboro, NC. He spent six years as a plastics engineer, two years as a production supervisor, and three years as an engineering department supervisor for plastics and metal stamping.
Mr. Furey holds a B.S. in Chemical Engineering from the Johns Hopkins University in Baltimore and an M.B.A. from the University of North Carolina at Greensboro. He is recognized as a Certified Purchasing Manager (C.P.M.) by the Institute for Supply Management (ISM).