The global automotive plastics industry is experiencing strong growth. A recent Grand View Research report predicts the auto plastics market will reach $41.5 billion by 2020. The boom is due to a combination of increased global demand for autos, the need for lighter and more fuel-efficient vehicles that meet regulations such as the U.S. Corporate Average Fuel Economy (CAFE), and breakthroughs in material science. Read More
CEOs and CFOs are looking to their procurement organizations to focus more deeply upon supplier relationship management, innovation in product design, and other things they haven’t explored deeply before. Read More
Basware Pay connects buyers’ and suppliers’ payment processes. Suppliers’ invoices are sent via the Basware Commerce Network (which connects 1 million companies across 100 countries), approved by the buyer and once approved become available for payment through a virtual MasterCard account number. The supplier receives an early payment while the buyer typically has extended payment terms. According to Basware and MasterCard, both parties benefit from richer settlement data and full process and payment visibility. Read More
The sector that a Purchasing Card Program Manager (PM) or Program Administrator (PA) works in can have an impact on their salary, according to a comprehensive salary survey from the NAPCP. 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.
You know the one I mean, it goes something like this: ”We regret to announce that our prices will increase by 3% effective immediately. Rest assured we have held off as long possible, but our own costs for (raw materials, energy, labor – pick one) have ris… Read More
Governments are now committing significant resources to improving their contracting capabilities. It seems the public sector is actually starting to out-strip most private sector companies in its grasp of the importance of contract management in today's bu… Read More
George E. Krauter
Basically, the results clearly show that no matter how companies achieve sophisticated “state of the art” manufacturing processes and are leaders in providing precision futuristic products to their markets, they “put up” with MRO situations that detract fr… Read More
There are so many variables to every interview scenario that a job seeker is often confused about how best to prepare. Many aspects of the interview process are out of the job seeker’s control. Because of this, we recommend that the best way to prepare for… Read More
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
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…
Large corporations perform supplier governance for strategic services in silos – segregated by department, contract, geography or type of service. Where governance processes exist, they are largely manual, often performed by poorly trained and insufficient staff through various incompatible systems,…
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…
Let’s call 2020 the Year of the Category Manager. By then, more companies will turn 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.That’s the thinking of the CPOs, P…