Designing Strategies to Manage Raw Material Price Volatility Risk

Course Overview

Warehouse performance on raw material price volatility is decided by layout and discipline long before technology. Most procurement disputes about price volatility originate in a specification written too quickly. Practitioner evidence points the same way: the practice within procurement and supply operations improves fastest where responsibility for it is named and owned. The course sets out a working method for raw material price volatility that participants can apply the week they return. Moving this area of procurement and supply operations from written policy into daily practice is not achieved by a single decision. Participants apply price volatility to their own supply function throughout, so the output is directly usable. The level assumes working familiarity with the supply function but no prior formal training in raw material price volatility. They leave able to brief senior management on price volatility in terms that support a decision. The closing exercise tests whether the participant's plan for the procurement and supply operations discipline survives a hostile question.