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Webcast to cite reality checks on strategic sourcing http://bit.ly/2Secla
#smartsourcingsummit Purchasing's Tom Stundza: Building Materials Price Index to rise only 1.2% in 2010
#smartsourcingsummit Purchasing's Tom Stundza: Nonresidential construction will show no growth until 2011
#smartsourcingsummit Adams of Caterpillar: #procurement #outsourcing challenges: proliferation of purchasing systems, nonstandardized work
#smartsourcingsummit Carlton Adams of Caterpillar: #procurement #outsourcing challenge: economic trough brought on 'scope creep'
#smartsourcingsummit Adams of Caterpillar: #procurement #outsourcing journey: started with optimization of direct purchasing transactions
#smartsourcingsummit Carlton Adams of Caterpillar: procurement #BPO objective: make transactional purchasing work more of a variable cost
#smartsourcingsummit Reisman of Aptium Global: Volatility is forcing more co's to look at hedging, fixed-price contracting, formula pricing
#smartsourcingsummit Reisman of Aptium Global: For lead, watch global auto production and aftermarket numbers
#smartsourcingsummit Reisman of Aptium Global: For nickel, be careful not to buy forward for 2010 demand
#smartsourcingsummit Reisman of Aptium Global: For copper, buy on price dips esp if stock market corrects and copper goes with it
#smartsourcingsummit Reisman of Aptium Global: For aluminum, watch mill leadtimes and conversion premiums
#smartsourcingsummit Reisman of Aptium Global: Lead prices have increased 150% since beginning of year
#smartsourcingsummit Reisman of Aptium Global: Agreement that zinc price will go up over long term, but short-term forecasts all over map
#smartsourcingsummit Reisman of Aptium Global: Chinese copper imports early in the year were due to stockpiling and speculation (not demand)
#smartsourcingsummit Reisman of Aptium Global: Copper could go into supply deficit in 2010
#smartsourcingsummit Reisman of Aptium Global: Fast restocking and speculation have been driving aluminum prices up (not demand growth)
#smartsourcingsummit Reisman of Aptium Global: Growth in ETFs/money pouring into commodities must be accounted for in nonferrous forecasting
#smartsourcingsummit Reisman of Aptium Global: Fundamental factors for nonferrous outlook: China, trade buying, exchange-traded funds, and $
#smartsourcingsummit Lisa Reisman of Aptium Global: Looking at US price trends for nonferrous metals is no longer sufficient
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