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Webinar recording: Germany on the brink of collapse? How procurement can steer your company out of the crisis now

published on
27.11.2024

Crisis mood? Not in purchasing! While uncertainty and recession are shaking the foundations of many companies, purchasing can now become the decisive steering wheel. We show you how!

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In our exclusive live webinar"Germany on the brink of collapse? How procurement can steer your company out of the crisis" with our procurement expert Moritz Kordes as well as Florian Findeis and Melinda Behncke from Business Development, we will explain which levers procurement can use in the current crisis. Find out how you can use targeted purchasing strategies to steer your company safely through uncertain economic times.

How strategic purchasing makes companies crisis-proof

The economic situation in Germany is tense: falling incoming orders, a stagnating GDP and high unemployment figures are putting companies under enormous pressure. Purchasing plays a central role in this, because as the largest cost factor and link to suppliers, it makes a significant contribution to overcoming the crisis. In this phase, purchasing is crucial to reducing costs, ensuring delivery capability and strengthening competitiveness in the long term.

Glimmer of hope for the German market

Despite the economic challenges, there are rays of hope: a spirit of optimism is emerging in politics and society, accompanied by solutions to strengthen the competitiveness of Germany and the EU. The Draghi Report emphasizes the promotion of investment and innovation in order to support economic growth. A Europe-wide wave of deregulation should also reduce bureaucratic hurdles and increase economic dynamism - positive impulses for future-proof competitiveness.

Purchasing as the key to success in times of crisis

In manufacturing companies, purchasing decisions account for up to 70% of total costs. It is therefore particularly important to build resilient supply chains, reduce costs through targeted measures and focus on sustainability and quality. Especially in times of rising prices, strategic purchasing becomes indispensable - as a central function to make the company crisis-proof and future-proof.

Recommendations for purchasing in times of crisis

1. strategically secure delivery capability

Ensuring supply capability becomes a success factor for companies during the crisis. Multiple sourcing creates flexibility by identifying alternative suppliers for key materials and establishing redundant partnerships. By increasing stock levels for critical materials and defining minimum stock levels, bottlenecks can be better mitigated. A supplier risk ranking helps to identify dependencies at an early stage and reduce them in a targeted manner. In this way, strategic purchasing protects the supply chains and strengthens the company's crisis resilience.

2. targeted measures to reduce costs in purchasing

Purchasing can reduce costs through supplier consolidation by reducing the number of suppliers and using volume discounts. Tenders and benchmarking analyses can be used to achieve optimal conditions for important categories. In addition, flexible contract conditions protect the company against price fluctuations. In this way, purchasing creates cost benefits and stability in times of crisis.

3. Strengthening competitiveness through digitalization in purchasing

Digital processes in purchasing reduce costs and replace expensive new hires. A suitable SRM system improves transparency and supplier management. With effective change management and a clear strategy, digital transformation becomes a competitive advantage.

Crisis management in purchasing: How an SRM system creates stability

An SRM system is more than just technology - it is the strategic partner in purchasing. With clear transparency and real-time data, it supports purchasing managers in reacting quickly to market changes and making well-founded decisions. Particularly in times of crisis, purchasing thus becomes the central value lever that makes the company crisis-proof and future-proof.

Conclusion & focus

In times of economic uncertainty, strategically managed purchasing is essential in order to make companies crisis-proof. With a suitable SRM system, costs can be reduced, supply chains secured and competitiveness increased. Through digitalization and targeted measures, procurement becomes a strong value lever that not only creates stability, but also secures the future of the company.

Outlook

In economically turbulent times, tacto provides purchasing departments with targeted support to create stability and efficiency. With tailor-made SRM solutions, Tacto enables the optimization of supplier relationships, real-time cost analyses and transparent risk assessment - all crucial factors for reacting quickly to market changes. By digitizing purchasing processes, Tacto helps to reduce costs while ensuring long-term supply capability and competitiveness. This makes purchasing a powerful lever for business success in times of crisis.

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