A supplier diversity program means contracting with small minority businesses in communities local to an organization’s operations. Promoting the program can strengthen those communities by creating more businesses, more free enterprise, increased training and promoting job creation to boost economic growth. Read More
Starting in 2014, procurement will need to manage and measure itself as a Profit Center and will shift focus from managing categories to managing supplier relationships. Procurement will need to harness innovative analytical and collaborative technologies to assume a more proactive role in uncovering new sources of value in collaboration with suppliers, functional stakeholders and peer groups. Read More
IHS expects a period of soft prices even as demand slowly ramps up. The Henry Hub spot price for natural gas, which hit a noticeable low of around $2 per thousand cubic feet near the end of the first quarter 2012, will hover near $4 in January 2014, according to the EIA. Natural gas inventories are projected to drop by more than half by March 2014, Read More
Words that perhaps sum up the thoughts of procurement professionals everywhere, “It appears that my responsibilities and roles within our organization go beyond the title of Corporate Purchasing Manager.” Read More
Source One’s Fandozzi continues her presentation with a look at ways procurement can meet challenges of sourcing indirect categories. Tools such as reporting, transparency and training can be particularly helpful to market procurement value, she says.
In a presentation to supply chain graduate students at Rutgers University, Lindsey Fandozzi, Director, Supply Chain at Source One Management Services, describes challenges procurement faces when sourcing indirect spend categories. Using a case study of Apple as illustration, she shares key points with My Purchasing Center.
Bill Michels of ISM, ADR North America and ISM-ADR China talks to My Purchasing Center about innovation and something few in procurement are preparing for--succession planning. What will companies do when Baby Boomers retire?
Opting out of using paper? That’s what Basware’s new e-invoicing initiative is all about, explains Bob Cohen, Vice President, North America, in this podcast interview. That’s good news for procurement. Cohen also shares four predictions for the new year with My Purchasing Center--a new role for AP--and announces a new relationship with a large healthcare company.
In this Minutes with Mickey podcast interview, Mickey North Rizza, Vice President, Strategic Solutions at BravoSolution, identifies for procurement the metrics needed to measure performance that will lead to financial success for the business. As she sees it, procurement needs to do better--in 2014--and so does management. Done right, procurement can be a sound business investment, North Rizza says.
Not long ago, as I was wrapping up a consulting assignment with the leadership team of a client, during a break, a young manager pulled me aside to seek my opinion about how he could become a great boss since he was new to his leadership role. Read More
Conversations with CPOs at world-class companies, price forecasts of commodities commonly sourced by procurement professionals, and Supplier Relationship Management (SRM) are just some of the topics covered in articles read most often at My Purchasing Cent… Read More
How large private entities can create purchasing ecosystems that drive scale and increase revenues Read More
Cross-functional teams work well for the sourcing of indirect goods and services, but they require good discipline and creativity on the part of the purchasing leader of the team. 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
OfficeMax Incorporated (NYSE: OMX) is a leader in both business-to-business office products solutions and retail office products. The OfficeMax mission is simple. We help our customers do their best work. The company provides office supplies and pape… Read More
New approaches to outsourcing are helping shippers drive down costs in the short term and build smarter, stronger supply chains for the long term. This white paper introduces some of the new thinking that is shaping today’s most successful transportation outsourcing models.
To help our readers achieve their goals and provide the latest information on strategies in world class procurement, My Purchasing Center and OfficeMax compiled some of the best articles and research on strategic sourcing posted at MyPurchasingCenter.com into a new guide. Our eGuide, Strategies …
Let’s call 2020 the Year of the Category Manager. By then, more companies will be routinely turning 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.
Today’s supply chain skills are invaluable to tomorrow’s leaders. As Procurement becomes more strategic—and critical to the success of world-class companies—its image is evolving. All the challenges and opportunities that come with managing the supply chain--especially on the indirect side--now make…