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156 such impacts in the future . Whether it is alternative sourcing and manufacturing strategies , or changing up product strategies or our specifications . However , we are not done here , as there are still ongoing efforts to ensure we strategically manage impact of tariffs on various other categories , including imports from China .”
EPC Procurement Managers are tasked with not only understanding EPC ’ s business needs , but also develop their expertise on macroeconomics , cost drivers , competitive benchmarking , external innovations and more . The procurement team is then able to utilize this insight and intelligence to implement multi-year sourcing strategies . These multiyear strategies will then define how to deliver further value within the different lines of businesses at EPC . The team is also driving value through commodity risk management across all lines of business . By implementing strategies for most of its commodities to share , transfer , operationalize , deflect or even hedge ongoing risks , EPC has different strategies dependent on each commodity and what is happening in the supply markets . Taking advantage of these levers has allowed the team to provide increased visibility to its business stakeholders .
“ It ’ s understanding where an impending
MARCH 2019