Shippers spend an average of 54% of total logistics expenditures on transportation and large manufacturing and distribution companies will have multiple shipments through multiple carriers in a day. Managing freight audit and bill payments are key challenges in today’s business scenario. Read More
While rising raw material costs push up steel prices, market watchers suggest buyers not make big purchasing commitments heading into 2017. “Steel buyers do not want to lock in for more than six months because prices should start coming down in the second quarter of 2017,” says John Anton, Director, Steel Analytics, Pricing & Purchasing, at IHS Markit. Read More
As per staffing industry analysts, temporary labour features among the top three high-spend categories among 60% of Fortune 500 companies. The role of procurement has never been more important to manage this significant spend which can spill over $1billion. Read More
Source One Management Services
Fleet Management Companies (FMC) provide a spectrum of outsourced fleet-related services from asset management to vehicle remarketing to consultative services and everything in between. This post will focus on commonly purchased light fleet services for your standard sedan-centered fleets. 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.
Marketplace, a new global catalog management tool from Basware, “is designed to help organizations derive the most value from the purchase-to-pay process,” Eric Wilson, Vice President, Purchase to Pay at Basware, tells My Purchasing Center. “It is an online solution for connecting buyers and suppliers in a collaborative environment not only to conduct e-procurement shopping, but also to leverage the full power of the open commerce network.” In the podcast, Wilson explains—and offers procurement three examples of spending less and smarter.
Ask anyone at a manufacturing plant or processing facility about the MRO storeroom, and most everyone will have a complaint, George Krauter, author of the book Outsourcing MRO: Finding a Better Way, tells My Purchasing Center. Still, he says, the resistance to change is strong. In this third in a series of interviews, Krauter offers tips on change for procurement, maintenance and others. Identifying a champion is one.
Sourcing and procurement organizations need well-trained professionals to handle the onslaught of expectations coming their way. Cutting budgets for sourcing training may be the very essence of “pennywise and pound foolish.” A well-trained, skillful sourci… Read More
Ana Sofia Gomez
Since 2013, when reform opportunities began, it is still a challenge for organizations, especially procurement, to understand and evaluate the market mechanisms and options available to source energy and potential new suppliers emerging that seek to offer … Read More
George E. Krauter
In most cases, the MRO buyer will see 3PMRO as a process that will eliminate the buyer’s job. In the real MRO world, the MRO buyer is elevated to a higher level of supervision via managing this new process (3PMRO) that has provided new channels of profitab… Read More
Companies need all the procurement savvy they can muster to navigate through these trying times. Are you, as professionals, up to the task? 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
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
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 …
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…
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 …
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.