• Procurement Digitalization Efforts Now Beginning to Bear Financial Fruit

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    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.

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

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

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Latest Articles

Lessons Learned in Supplier Relationship Management - A Consultant's Experience with Chicken and Construction

Guest Editor

Growing up, my favorite fast food restaurant was the Harold’s Chicken Shack on 87th and State right off the Dan Ryan Expressway in Chicago. It is still open today. (I highly recommend the half dark and mild sauce order). While in college, I took a road trip to a neighboring school Read More

Procurement Evolution Through “Intelligent” Disruption

Guest Editor

The world today is evolving at an exponential pace that many folks find positively disorienting. We’re witnessing and experiencing the transformation of all the ways we live, work and Read More

Advanced Marketplace “Sensing” Helps Procurement Contribute to Corporate Profitability

Dennis Bouley

For most procurement professionals, the level of job complexity is on the rise. An average procurement manager these days is likely to oversee $50 million dollars in spend and is managing over 100 suppliers and a thousand parts. Given these circumstances Read More

Effective Sustainability Reporting Now a Supply Chain Critical Success Factor

Dennis Bouley

Government regulators and consumers are requiring a higher level of transparency from corporations, leading brands and their supply chains regarding how sustainability initiatives are being driven. Unfortunately, many companies are struggling 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.

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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.

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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

Maintenance and OEM Strategies Surrounding Price and Reliability Costs

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George E. Krauter
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OEM’s publish data that directs the users of their products on how to maintain those products; however, many do not have the experience of actually maintaining the equipment they have sold. Read More

Outsourcing of Indirect Spend Dollars is Common Practice. Why is MRO Different?

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George E. Krauter
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Total spend in manufacturing facilities can be placed into three categories: materials for production; projects for capital investments; and parts and services for indirect expenditures. Although there seems to be a dearth of information regarding percenta… Read More

Tips for Navigating Productivity-inhibiting MRO Supply Chain Silos

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George E. Krauter
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Conflicting goals within the silos of the ERP/EAM process are disrupting overall MRO productivity. To address the issue, the problem first needs to be acknowledged and then solutions Read More

Unit Price or TCO: Which Best Defines Optimum MRO Cost Recovery?

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George E. Krauter
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Does optimum maintenance, repair, and operations (MRO) cost recovery come from reductions in unit price or from decreases in total cost of ownership (TCO)? In many cases, Read More

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Supplier Profiles

Lunney Advisory Group

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

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

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…

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.

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 …

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 …