Innovative Savings Strategies for Raw Material Contracts

November 5 at 11:00am CST

Join us for an insightful webinar where supply chain expert Priya Kumar will reveal the essential strategies for negotiating robust raw material contracts. This session is designed for procurement professionals, supply chain managers, and business leaders looking to secure favorable terms and ensure a steady supply of high-quality raw materials. The following topics will be covered:

  • Understanding Market Dynamics: Gain insights into the current market trends and how they impact raw material pricing and availability.
  • Preparation Techniques: Learn how to prepare effectively for negotiations by researching suppliers, analyzing market data, and identifying key leverage points.
  • Effective Communication: Discover the art of clear and assertive communication to build strong relationships with suppliers and negotiate win-win agreements.
  • Risk Management: Understand the importance of risk assessment and mitigation in contract negotiations to safeguard your business against price volatility and supply disruptions.
  • Contract Clauses: Explore the critical contract clauses that protect your interests, including pricing terms, delivery schedules, quality standards, and dispute resolution mechanisms.
Register Today

Priya Kumar, CEO of Sustainable Inc. is a supply chain expert with over 18 years of experience in end-to-end supply chain transformation, logistics and inventory management, category management, strategic sourcing, and process improvement. Her unique approach to strategic sourcing, negotiations, savings capture, and process improvement has garnered significant attention in the consulting world. She has collaborated with several Fortune 100 and Fortune 500 companies to drive harmonization across their supply chains, sourcing over $7 billion in spend and delivering over $500 million in savings for clients.

Throughout her career, Priya has authored more than 75 market research reports for various industries and business units. A Six Sigma Green Belt and ASQ Quality Certified Analyst, Priya has extensive experience utilizing lean principles to enhance manufacturing supply chain processes.

Priya has also been a speaker for numerous supply chain-focused organizations, including the Denver World Trade Center, where she delivered a detailed market intelligence report on supply chain trends for 2024 and beyond. Her thought leadership has been featured across various platforms, including her own podcast, Smarter Supply Chains. Priya has introduced innovative theories on supplier rationalization, inventory management, and supplier negotiations to help companies adapt in disruptive supply chain environments.

A former McCombs graduate, Priya is currently the President of the Women of McCombs Alumni Group in Austin, TX. She has organized several events to foster meaningful connections among the alumni and professional community.