• 3M Procurement Leader: Sourcing Efficient and Engine for Growth

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    3M Procurement Leader: Sourcing Efficient and Engine for Growth

    Sourcing has to have a holistic view of the business and understand how the relationship with the supplier will differentiate our products and give us a competitive advantage,” says Jose Varela, Vice President, Sourcing Operations at 3M.

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  • Blockchain: A Shared Ledger to Rid Waste from the Supply Chain

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  • Why Professional Development is So Important to Procurement

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Latest Articles

The Reality of Generational Differences in the Workplace Part One … Refitting the Workforce – This Isn’t the 1980s

Jim Baehr

It’s easy to find reporting on the generational differences in the workplace. For more than a decade there’s been Read More

A New Era: How eProcurement is Helping Chinese Companies Replace Traditional Business Models

Guest Editor

It’s frequently said that the past two decades have been the golden age of internet technology development in China; the country has Read More

How Master Data and Master Data Leadership Simplifies Business and Cuts Costs

George E. Krauter

In the world of MRO supply chain management, “master data” refers to applying proper and Read More

Procurement “Digitization” Efforts: Ready for Prime Time?

The Hackett Group

Cloud, analytics, big data, cognitive computing ̶ all these are terms that fall under the broad umbrella of the “digitization” trend that is sweeping the procurement industry. The digitization era has Read More

Latest Podcast Episodes

Buy Local and the Supply Chain: What Procurement Can Do

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.

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World Price of Crude Oil Volatile: How Buyers Can Manage

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.

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Latest Videos

What is a Reverse Auction?

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.

Latest Blog Posts

Professionals, Professionalism and Procurement

Photo of Jim Baehr

Jim Baehr
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This isn’t intended to be an admonishment; however, in conversations with sales types, they continually express vexation with procurement professionals. Maybe this isn’t new. Maybe this is an age-old problem. One thing for certain is that “collaborative re… Read More

Make No Mistake: Trying Something New in MRO is Worth the Risk

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George E. Krauter
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Keeping the status quo is safe, especially when change is considered radical, aka MRO outsourcing. Are the benefits of change worth the risk? How would you know if you do not investigate the potentials? As Albert Einstein said, You can’t make a mistake if … Read More

Emotional Intelligence in Negotiations

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Tom DePaoli
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Purchasing and supply chain professionals must be aware of and strive to improve their emotional intelligence. A definition of emotional intelligence is the capacity to be aware of, control and express one's emotions and to handle interpersonal relationsh… Read More

Five Ways to Drive Value through Cost Avoidance in Procurement

Photo of David S. Yin

David S. Yin
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Procurement, like any other corporate function, is valued by its contribution to the company’s bottom line. In recent years, procurement has gained greater prominence as companies emphasize cost-cutting as a principal way of improving margins. However, the… Read More

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Supplier Profiles

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

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

PMAB

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

Sponsored Articles

U.S.-Mexico Shipping Options

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 …

Do "Preferred Customers" Really Receive Better Pricing and Service?

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…

Must Have Information for Every Strategic Sourcing Manager

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 …

Top Metrics for Measuring Procurement Performance

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.