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  1. Pricing in procurement

    SIBUR has been applying formula pricing for 10 years now. Andrey Sidorin, acting Procurement Director, Head of Chemicals Procurement at SIBUR, speaks about the benefits of this approach and about SIBUR’s supplier management strategy. A formula-based price is calculated using a formula that incorporates all possible market indicators, exchange quotes, deflators, FX rates, discounts, inflation indices, etc. This approach allows us to take into account key market trends when determining the price...