• Future Faces: A Look at Procurement in 2025

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    Future Faces: A Look at Procurement in 2025

    In an effort to explore “the art of the possible”, we interviewed 25 senior chief procurement officers and executives, asking them what they believed the future state of procurement might look like in 25 years.

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  • Transforming Procurement One Company at a Time

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  • Centralize or Decentralize Procurement?

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Latest Articles

The Ethical Supply Chain Initiative

Guest Editor

An “ethical” supplier is a concept that entails a much broader definition than a business practitioner that engages in their work with honesty. The idea involves a strong adherence to strict labor standards, fair pay for the production of goods, observance of business’ effect on local and global economies, and the need for corporate citizenship and social responsibility. Read More

Procurement Unearths New Ways to Add Value: Recycle, Reuse, Recover

Susan Avery

Procurement professionals attending the monthly member meeting of the Institute for Supply Management-Greater Rhode Island affiliate had the opportunity to learn about their role in their organization’s waste management and recycling efforts and the benefits their actions can bring. Krystal Noiseux, Recycling Program Manager at the Rhode Island Resource Recovery Corp., described legislation that resulted in several firsts for Rhode Island: It’s the first state to mandate recycling, as well as the first to enact laws for recycling plastic bags and film and, most recently, food waste. Read More

Improve Your Company’s Valuation with e-Sourcing

Guest Editor

For years, we’ve advocated that e-sourcing is more than a simple tool for procurement. The value that e-sourcing provides impacts every corner of an organization – including sales, finance, marketing, and operations. In addition to driving savings and processes efficiencies, we’ve seen e-sourcing improve customer satisfaction, drive new revenue, unlock working capital, and strengthen the company’s brand. Read More

How We Can Apply Heuristics to Supply Chain Decision-Making

Guest Editor

In the supply chain, we make decisions all the time consciously and unconsciously; most are not subject to our best thinking efforts because we do not know enough at the time to work them out that fast. Decision-making uses intelligence, wisdom and creativity to help us transit from the past and present to project the future. Read More

Latest Videos

Achieve Competitive Prices without Bidding

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.

Marketing and Sourcing Collaboration Part 4

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.

Marketing and Sourcing Collaboration Part 3

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.

Latest Podcast Episodes

Minutes with Mickey: Writing a Procurement Job Description

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.

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Commodities Market & Pricing Update: Chemicals & Plastics

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.

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Latest Blog Posts

The Dreaded Letter--and What You Can Do about It

Photo of Rod Sherkin

Rod Sherkin
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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

Are You Addressing Problems with Contract Management?

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Tim Cummins
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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

43 Years and Barely a Dent

Photo of George E. Krauter

George E. Krauter
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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

How to Prepare for a Procurement Job Interview

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Kevin Rohan
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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

mypurchasing

@mypurchasing

  • Time for a quick ethics review. Here's an article to help inspire your #procurement team: http://t.co/EGRivDAjXe
  • #Procurement Unearths New Ways to Add Value: Recycling! My Purchasing Center covers the ISM-GRI meeting: http://t.co/o8oyszY6jv
  • Also this week at My Purchasing Center: News from ISM-Greater Rhode Island as well as stories on big data, ethics & more. Stay tuned!


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

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

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

Sponsored Articles

What’s New in Spend Management

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…

Supplier Governance Made Easy, Powerful and Complete

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,…

Procurement Leaders Insight - The risk of supply

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…

The Benefits of Supplier Consolidation Extend Far Beyond Sourcing Savings

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…