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What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 19)

What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 19)
Free Download - What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 8) By Jon Hansen
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Keith, Senior Commodity Specialist, Chicago, U.S.

Here are the quick three challenges that are driving my decision-making as a supply chain professional this week:

1) Devaluation of the US dollar in relation to a world basket of currencies. Specifically the appreciation of the Chinese RMB to USD because we are sourcing so much from China. Having a balanced sourcing portfolio with suppliers in different parts of the world is no different than diversifying your own investment portfolio to combat such situations.

2) Managing and containing costs in an environment of rapidly rising raw material prices and inflationary economies. More specifically, getting buy-in from upper management that there is only so much that can be negotiated and mitigated before some % is legitimately passed on.

3) Alignment with other parts of the organization. Finance and Purchasing seem to have similar fiscal interests, so I see the larger challenge with marketing and engineering.





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Marcus Arkan currently serves as the President/Principle Broker of Syndicate Mortgages Inc. After working with a number of Canada's top financial institutions, the experience and knowledge he gained throughout his professional career combined with his drive and entrepreneurial spirit led him to develop his own company. The operation began in 2003 in the basement of his home and now has flourished into a successful corporation with a head office in one of Metropolitan Toronto's busiest sectors and 10 branch locations employing over 100 mortgage professionals. His organization is now one of Ontario's leading mortgage brokerages specializing in residential, commercial, and construction financing. He holds the designation of Accredited Mortgage Professional from the Canadian Association of Accredited Mortgage Professionals. This allows him to differentiate himself from other mortgage originators and demonstrates his commitment to the highest standards of industry performance. For more information on Mr. Arkan and his Syndicate Mortgages Inc., please visit www.syndicatemortgages.com.
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