Commodities Management

The prices of many of the world’s key commodities reached historic levels last year, and volatility across the markets created enormous problems for companies in the industrial manufacturing and consumer products industries. There are several strategies to manage commodity price volatility, including hedging, forming strategic supplier alliances, and leveraging advanced technology solutions. This paper provides a solid overview of the topic, and provides examples of how companies have successfully controlled escalating raw material costs.
From: Procurement Leaders.