• Mining for Savings: Sourcing Takes Team Approach

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    Mining for Savings: Sourcing Takes Team Approach

    An economic downturn brings out the worst in some companies. They beat up suppliers to slash prices. A downturn can bring out the best. These companies take a good look at purchasing practices and put in place the people and processes that help reduce cost and improve efficiency over the long term

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  • Certification, Networking Help Advance Procurement Careers

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  • Big Value for Procurement in Big Data

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Latest Articles

Manufacturers Must Go with Planning for New-Product Launches

ThomasNet News

It is vital that machine shops and other manufacturers have in place detailed production planning processes to assure that work begins on time; deadlines are met; machines, tooling, and other equipment are ready for operation; supply-chain logistics are set; and quality products are delivered on schedule to customers or directly to the market. Read More

The Government of Canada Renews Purchasing Card Contract

Nikita Saharia Chaturvedi

The Government of Canada has renewed its purchasing card contract with BMO Financial Group (BMO) and MasterCard, its purchasing card suppliers for the past 11 years. BMO’s purchasing card provides payment options that streamline procurement processes by cutting costs, eliminating paperwork, maximizing working capital, and strengthening supplier relationships. As a result, the federal government can improve spend policy management and compliance. Read More

U.S. Economy Growth Engine; Buyer’s Market to Continue

Susan Avery

Heading into 2015, procurement and supply leaders can feel good about the economy and commodity prices. That’s the word from the IHS executives and analysts who led presentations at the IHS Pricing & Purchasing Summit held recently in Washington, D.C. More than 150 procurement and supply leaders attended the event hosted by the global market information and analytics company. Read More

Procurement Meets Performance at Zycus Horizon 2014

Nikita Saharia Chaturvedi

The capability of sourcing operations and supply chain management should always be evolving, foreseeing a significant increase in opportunities and challenges in our supply chain on a regular basis, says Stephen Fischer, Director of Procurement, Colgate Palmolive, speaking to procurement professionals attending a session at Zycus Horizon 2014 recently in Amelia Island, Fla. Read More

Latest Videos

Achieve Competitive Prices without Bidding

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.

Marketing and Sourcing Collaboration Part 4

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.

Marketing and Sourcing Collaboration Part 3

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.

Latest Podcast Episodes

Canadian Government Renews Purchasing Card Contract

The government of Canada has renewed its pcard contract with BMO Financial Group and MasterCard. What does this mean for procurement and supply managers? My Purchasing Center’s Nikita Saharia Chaturvedi asks this question of Steve Pedersen, Vice President, North American Corporate Card Products at BMO. Pedersen responds with a host of reasons--why procurement may want to take a new look at cards.

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Good Procurement Leaders are Students of History

Do you like the article, Implement Cost Solutions Before the Downturn, written by Jimmy Anklesaria? My Purchasing Center talks with Anklesaria about the article, and no, he’s not a harbinger of bad news, but a student of history. He shares ideas for preparing for the inevitable change in the business cycle, including discussion topics for conversations with employees and suppliers.

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Latest Blog Posts

Procurement's Growing Role: Is it Sustainable?

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Tim Cummins
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I believe there is a sustainable role for Procurement, but it will be quite different from the role of the past and it will encounter competition from others also seeking self-preservation. It also demands a radical shift from the control and compliance me… Read More

Attitude is Everything! (We Want to Hire Your Experience But Not You)

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Kevin Rohan
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The question that anyone interviewing must ask themselves is “Am I going into this process with a good attitude?” It’s much harder than it sounds because it requires an honest self-evaluation that is not always easy to measure. Let’s face it, most of us th… Read More

Successful Negotiation

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Tim Cummins
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If negotiators remain fixated on winning points and gaining concessions, it means they will generally fail to establish the on-going governance and performance principles necessary for success. It also creates an environment where cooperation is threatened… Read More

Are Organizations Incapable of Running Successful Trading Relationships?

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Tim Cummins
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The program featured an extremely talented and successful CPO. He explained that his ability to contribute increasing value to the business was being achieved in large part through the development of talent and skills within the Procurement function. But h… Read More

mypurchasing

@mypurchasing

  • Watch My Purchasing Center on Monday--that's when we post our Corrugated Packaging Forecast for 2015!
  • Traveling next week? Take along our podcasts: http://t.co/50ATKxDXks. Our contributing editor has been busy this month. Check them out!
  • #Procurement's Growing Role: Is it Sustainable? What's your reaction to Tim Cummins's observations? http://t.co/fDikZenq1d


Supplier Profiles

Lunney Advisory Group

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

Staples

Staples Advantage is the one supplier that offers all the business solutions you need, all with the expertise of a specialty vendor. Read More

Digi-Key

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

Sponsored Articles

What’s New in Spend Management

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…

Supplier Governance Made Easy, Powerful and Complete

Large corporations perform supplier governance for strategic services in silos – segregated by department, contract, geography or type of service. Where governance processes exist, they are largely manual, often performed by poorly trained and insufficient staff through various incompatible systems,…

Is Logistics Outsourcing Right for Your Company?

More shippers today appear to be outsourcing some or all of their logistics. How does a company decide that outsourcing logistics is the right choice? This white paper can help companies decide, set reasonable expectations for what outsourcing can contribute to the organization, and how much of a ro…

Beyond the Boundaries of Sourcing-Category Managers Emerge as Leaders

Let’s call 2020 the Year of the Category Manager. By then, more companies will turn to these leaders in Procurement for their expertise at developing corporate strategy—and those with skilled Category Managers on their teams will have an edge on the competition. That’s the thinking of the CPOs, P…