The EPIC Awards recognize and celebrate the most innovative, dynamic, and accomplished procurement leaders. This year, nominations will be accepted for Read More
Meticulous budgeting has always played an important role in efficient allocation of resources in the business world. The most common budgeting method used by organizations Read More
In 2017, technology is King. Whether you’re part of an in-house procurement team, or utilizing the services of a third-party procurement provider, Read More
It’s arguably the most important legal fight of the year: Waymo, Google’s since-spun-off driverless car division, is battling Uber over allegedly pilfered trade secrets and information. The two companies are fighting in a space increasingly Read More
My Purchasing talks to Peter Cook, Vice President of Procurement and Supply Chain at The Smart Cube, about the rise of nationalism and how it could affect the supply chain. As he sees it, buying local may raise cost and could be “the catalyst that accelerates innovation” leading to more automation of internal processes as procurement leaders look at where and how they source. He offers tips for going forward.
Ian Buchanan, Lead Procurement Research Analyst with IBISWorld, discusses the world price of crude oil in this inteview with My Purchasing Center. In it, he first examines current prices, which have been on a downward trend, then looks at where prices are heading over the next five years. Supply and demand will come into balance, he says, putting upward pressure on prices. To close, Buchanan offers buyers suggestions for managing the coming price volatility.
In this video, K2 Sourcing provides perspective on reverse auctions for procurement. If you take one thing away from this presentation, it is that a reverse auction is one of many tools to help automate the strategic sourcing and, ultimately, the category management process.
The overall objective of supplier segmentation is to identify high-yield segments, that is, those segments most likely to be profitable or show good growth potential. According to Read More
Throughout my consulting career, I have heard endless statements about management systems from directors and presidents, from organizations of different sizes, from all Read More
Purchasing professionals have two core issues when looking to refine a supply strategy for their commodity: understanding the market and determining their best approach. Read More
Many data management tools exist across the procurement supply chain. Deciding to migrate to one of these Master Data Management environments can present a number of challenges. In our “Ask the Expert” column Read More
The work and purpose of the Purchasing Management Association of Boston today reflect the early intentions of its founders to "create acquaintance and foster the exchange of knowledge." Read More
Lunney Advisory Group was founded in 2007. Our firm is not your typical consulting company. Some members of our firm are highly qualified and experienced industry executives/practitioners while others are full time or adjunct university professors.… Read More
Tamr and My Purchasing Center are partnering to bring you some of the best information published on procurement performance metrics in a new guide. We selected these articles so you can benchmark what you’re doing at your company with what procurement experts are advising.
As we move into a 2016, it’s a safe prediction that buzzwords will continue to dominate the business world. 'Strategic sourcing' is one buzzword that has permeated the procurement function for the past 20 years, but is often hard to describe. Almost every large procurement organization claims to be …
Abstract: Understanding what can happen at the U.S.-Mexico border with your truckload shipments could impact the decisions you make—and whether or not you will actually get what you pay for. By reviewing the process and your options, you will be able to develop better, more efficient strategies to …
Anecdotal evidence and some qualitative research suggests that "favored shippers" - companies for which carriers prefer to haul freight - obtain better pricing and service. But do they? In this paper, Iowa State University researchers explain: How they sought to understand the voice of U.S. truck…