The 30th edition of the biennial International Manufacturing Technology Show (IMTS) takes place Sept. 8-13 in Chicago. With less than two months to opening day, the organizer, the Association For Manufacturing Technology (AMT), in McLean, Va., reports that 2,000 exhibitors will occupy 1.25 million sq ft of space in McCormick Place, filling all four halls. Attendance, which totaled 100,200 in 2012, is forecast to be up more than 10 percent this year, based on hotel rentals and pre-registration. Read More
Sole source acquisition means that only one supplier source, to the best of the requester's knowledge and faith, based upon thorough research, i.e. conducting a market survey, is capable of delivering the required product or service. Read More
The Hackett Group
Implementing an Enterprise Resource Planning (ERP) system can be a daunting task for many organizations due to the time and effort required, not to mention the financial commitment. In an effort to mitigate the risks, understand the complexities, and identify change management issues, organizations should commit 6-8 weeks prior to kicking-off blueprinting to conduct a Mobilization Assessment. The assessment will allow the organizations an opportunity to identify and mitigate potential risks prior to formally kicking-off the project. Read More
Yet another benefit emerging from the new technology-enabled shop floor is the power to apply financial analytics to manufacturing operations, equipping decision-makers with the visibility they need to improve profitability. Read More
In this 60-minute training video session given by Rod Sherkin, President of ProPurchaser, you will learn how to work more constructively with suppliers to drive down costs together, while strengthening your supply chain.
In part 4 of the Source One video series, Kathleen Jordan completes the discussion on marketing and sourcing with a case study that demonstrates how sourcing can benefit from partnering with a consulting firm to address marketing’s needs.
In part 3, Kathleen Jordan at Source One describes how sourcing can support marketing during its agency review process. She provides best practices for the two to use when conducting an agency search.
In this podcast interview, Mickey North Rizza, Vice President, Strategic Solutions at BravoSolution, responds to the question, What should be in a job description for a procurement or supply management professional? Citing facts and figures on an upcoming skills shortage, she says CPOs must first look at what they want to accomplish.
Howard Rappaport, Senior Director for Chemicals with the Pricing & Purchasing Service at IHS talks to My Purchasing Center about what procurement professionals should think about when sourcing chemicals and plastics. There’s not much transparency in the market and making decisions can be tricky, he says, suggesting buyers watch energy prices and supply disruptions and remember that it’s hurricane season in the U.S.
Minority- and women-owned businesses have grown substantially in the U.S. In 2002 and 2007, the U.S. Dept. of Commerce (through the Minority Business Development Agency) published data based on the U.S. Census; showing minority-owned businesses (5,800,000 … Read More
Mark C. West joined SharedClarity in 2013. He comes to the organization with 20 years of procurement experience, having held leadership positions in such organizations as UnitedHealthcare and Cleveland Clinic, as well as America West Airlines and Honeywell… Read More
While I have another solid decade in the workplace, I am a mentor, friend, confidant and trusted colleague. I was recently complaining that too many people were coming into my office for me to solve problems and offer advice. Then I realized that this was … Read More
Long-term plans serve as a great focal point for purchasing and ensure that constant firefighting and other upsets do not overwhelm their efforts. They can serve as guides for the stages of organizational transformation that a purchasing department wants t… Read More
It started in 1972 with an idea, a new concept in distribution. Today, Digi-Key Corporation is one of the fastest-growing electronic component distributors in the World. The stimulus for this growth is Digi-Key's customer-centered business philosophy… Read More
Staples Advantage is the one supplier that offers all the business solutions you need, all with the expertise of a specialty vendor. Read More
Surprised by accessorial charges on your LTL freight bill? Learn why LTL carriers charge accessorials, and how your freight characteristics and process inefficiencies may be the culprits that cost extra for you and your LTL carriers
Spend management encompasses the entire purchasing lifecycle—from sourcing goods and selecting suppliers to setting up contracts and paying suppliers—and helps buyers take a holistic view of procurement from a competitive vantage point. That’s the definition of spend management we use to develop…
Consolidating suppliers within specific supply markets is a proven strategy to concentrate buying power and reduce purchase prices. The activity can be taken further, though, especially within non-production (indirect) spending areas. By simplifying and automating interactions with preferred supplie…
We live in a volatile world where uncertainty has become the norm and supply chains are going global, which means that the potential for supply disruption has grown exponentially. As the Chief Procurement Officer, it’s not only your job to drive as much cost out of the business as possible, it’s als…