Nowadays, many companies are facing a complex macroeconomic scenario due to the COVID-19 pandemic and the unstable geopolitical scenario related to the conflict between Russia and Ukraine. These events are leading to high inflation resulting in an ever more significant increase in the cost of commodities. Rising commodity and utility prices have made major increases, driving up purchase costs by a large margin. These price increases cannot be passed on to the end customer as it would result in reduced demand, but they need to be diluted throughout the supply chain by collaborating and creating synergies between the parties. The procurement function plays a key role, as it is the glue between the various stages of the supply chain.