How does procurement identify supplier risk if resources are limited? How do we track performance at mitigating risk? How do we get stakeholders to understand the value of managing risk? A panel of risk experts helped procurement and supply management professionals think through responses to these questions and others at the September member meeting of ISM-Greater Boston in Concord, Mass., recently. Read More
The scene: You, your mobile phone and a message. You finally hear back from the procurement recruiter and the interview date is confirmed. “Great!” you tell yourself. “We are finally moving forward.” Then you download the interview schedule and suddenly more than 25 names and their assigned teams stream past. Your first thoughts are Read More
A group purchasing organization (GPO) is a well-known buzzword in the healthcare and government industries. Do you know that using one in your business could translate into thousands of dollars of savings on the supplies and resources you use every day? Read More
Hanjin’s bankruptcy has occurred at a time considered to be peak season in terms of annual demand, calling for vessels doing key routes (such as Asia to Europe in this case) to operate at full capacity. Accommodating the tons of cargo that were scheduled to be carried by Hanjin will come at a price for manufacturers as carriers are likely to charge higher than usual rates. Read More
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.
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.
Lloyd Alexander, Vice President of Contract Strategy at Seal Software, discusses procurement’s role and growing influence with Nikita Saharia Chaturvedi. Take mergers and acquisitions, for example. Procurement may be called upon to assimilate thousands of supplier contracts. “The key success factor for achieving this is based on procurement knowing exactly what relationships the organization has to maximize terms from a financial standpoint, while minimizing risk,” he says.
“Organizations needing to innovate while remaining cost conscious puts procurement front and center of critical business issues,” says Lisa Malone, General Manager at Procurious, as she introduces the Procurious Career Boot Camp to My Purchasing Center. The boot camp, which takes place over 15 days beginning September 19, helps procurement professionals work on leadership skills by providing access to “career coaches” through podcasts and blogs. It also connects “campers” for brainstorming.
Don’t take a supplier’s analysis for granted. If they are telling you a price increase will have a negligible difference, do your own research before committing to anything. Understand exactly how it will affect your bottom line to avoid any surprises down… Read More
A next best area for managing total cost in the supply chain is Supply Relationship Management (SRM). This is especially true for supply management groups accomplished in strategic sourcing. Both the customer and buyer demonstrate an understanding that th… Read More
For those who don’t pay much attention to logistics in their supply chain risk profile, here is a question: Where is your freight this morning? Read More
With the expansion of the Panama Canal, the time is now to not only consider the new costs of logistics, but the risk of a major container port being shut down! Supply chain professionals should consider using multiple inbound ports to alleviate this risk.… 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
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.
A comprehensive study done by AT Kearney in late 2014 showed that 75 percent of procurement organizations have not improved their productivity since 2011. This seems hard to believe given procurement’s constant push for efficiency gains, declining commodity prices, and the rise of technology designe…
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…
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 …