• Procurement Digitalization Efforts Now Beginning to Bear Financial Fruit

    View >>

    Procurement Digitalization Efforts Now Beginning to Bear Financial Fruit

    According to a recent Hackett Group research study, a $10 billion in revenue company, capable of attaining world-class performance in procurement, can drive as much as $6 million in potential annual functional cost savings.

    Read More
  • How Spend Management Platforms are Facilitating a Transition to Data Driven Procurement

    View >>

  • Procurement “Digitization” Efforts: Ready for Prime Time?

    View >>

Latest Articles

Data Quality and Accuracy Are Key Enablers of MRO Efficiency Gains

Dennis Bouley

Management of corporate maintenance, repair and operations (MRO) requires the tracking of thousands of SKUs and the generation of many transactions that are of low dollar value in nature. In most organizations, MRO spending amounts to less than Read More

Software Audits are Inevitable and Everyone is Responsible

Abinaya Govindarajan

No company is immune to software audits. Poor leverage with top software vendors, suppliers’ focus on audit income as a source of additional revenue, complex software contracts and licensing models, Read More

WHAT MILLENNIALS LIKE AND DISLIKE IN THEIR SUPPLY CHAIN JOBS

Marisa Brown

Millennials have an unwarranted reputation in the workforce as short-term employees always looking for a better opportunity, including in the supply chain management (SCM) work force. Read More

Institute for Supply Management® and Thomas Rising Star Program Announces Award Winners

Dennis Bouley

The Institute for Supply Management® (ISM®) and Thomas 30 Under 30 Rising Supply Chain Stars Recognition Program recently announced its achievement award winners. The winners are being recognized for accomplishments ranging from the generation of more than 10 million dollars in savings 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.

Download Now


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.

Download Now


See all

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

The “5 S” Approach to Reliable MRO Operations

Photo of George E. Krauter

George E. Krauter
Read Bio

“5 S” (sort, set in order, shine, standardize and sustain) is a system of organization that increases the likelihood that production will occur exactly as planned. 5 S approaches are designed to keep the workplace safe and productive; the concept contends … Read More

Business Simplification: MRO is a Good Place to Start

Photo of George E. Krauter

George E. Krauter
Read Bio

Companies are always looking for ways to reduce costs; simplification of business procedures can have a direct impact on a company’s bottom line. The process of purchasing, receiving and paying for MRO parts produces Read More

Overcoming the Obstacles to Improved MRO

Photo of George E. Krauter

George E. Krauter
Read Bio

In the world of MRO operations, even with multiple attempts to change, improve, increase reliability, the status quo in most plants seems to prevail. Read More

Procurement vs. Cyber Attacks: Who Can Win in the Long Run?

Photo of Jaime Leonard

Jaime Leonard
Read Bio

Procurement organizations need to call on their suppliers to increase IT security to mitigate risks against cyber threats. Working with suppliers that take IT security into heavy consideration will be critical Read More

mypurchasing

@mypurchasing



Supplier Profiles

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

Sourcing Strategies Group

The Sourcing Strategies Group (SSG) was founded on the basis of being able to assemble the experience and expertise that can help Supply Management organizations achieve new levels of effectiveness, and value creation. Read More

Sponsored Articles

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.

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 …

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 …