Historically, many procurement departments have struggled with measuring their performance or have only focused on measuring purchase cost reductions. But in these difficult economic times, procurement professionals must provide value to their companies beyond cost reduction. Additionally, they need a way to demonstrate and maximize this value. Enter procurement scorecards. Read More
OSHA is responsible for promoting and carrying out standards that are legally enforced by both state and federal agencies. The requirements, introduced through outreach, education, training, and assistance, may apply to means, methods, or practices that are both necessary and reasonable to meet to ensure healthful working conditions. Read More
Considering sourcing and procurement, inventory management and the integration of disparate systems, it’s not surprising that even the most impressive manufacturing facilities are having difficulties managing MRO. That’s a finding of a new survey by Storeroom Solutions, Inc. that assessed the condition of MRO storeroom operations across a variety of industries. Read More
GBTA tells corporate travel procurement organizations to expect moderate price increases across the globe. Domestically, buyers will see flat ground transportation rates, but can expect air price hikes of about 3% and hotel price increases of about 4.5%. 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.
My Purchasing Center spoke with Andy Zynga, CEO at NineSigma, about Open Innovation, services NineSigma offers and the role procurement plays in helping to build ecosystems of people willing to innovate with their organization. “Open Innovation is a real o… Read More
George E. Krauter
The MRO battle continues to be lost because many managers do not have the time to reconstruct their MRO supply capabilities into a world-class reliable operation. They spend all valuable time available looking for parts, expediting rush orders, putting ou… Read More
As buyers, we probably all wish that suppliers were more accountable for their sales practices and commitments. Whether it is the promises made when we buy a new car or the cost and timing of a house extension, most of us have suffered from the frustration… Read More
Purchasing professionals need to realize that they must not only market their purchasing strategies but their successes. Many purchasing professionals neglect to create a marketing plan for their organization. I use the term marketing plan synonymously wit… 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
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…
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
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…
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…