• 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

New Research Highlights 2018 Supply Chain Management Priorities

Marisa Brown

Recent research published in APQC’s Supply Chain Management Priorities and Challenges report provides insights surrounding 2018 supply chain management priorities challenges, trends, Read More

Is Procurement’s Fear of Artificial Intelligence (AI) Justified?

Dennis Bouley

Advancements in software and artificial intelligence have expanded both the number of activities that can be automated and the degree to which automation of tasks is possible. According to a 2017 McKinsey study, Read More

Procurement’s Guide to New Digital World Terminologies

Dennis Bouley

Everyday workplace conversations (either around the water cooler or online) often allude new business trends or new terms that are used to describe those trends. Listed below are some of the more common terms Read More

Three Technology Trends to Watch that are Impacting Procurement

Dennis Bouley

Trends like the Industrial Internet of Things (IIoT) and rapidly expanding software defined service processes are driving changes 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

Implementing an Integrated Supply Program…Do It Correctly or Not at All

Photo of George E. Krauter

George E. Krauter
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Albert Einstein once said: “We cannot solve our problems with the same thinking that we used when we created them.” Recognizing that you have a problem requires that you change your present processes to achieve desired improvements. Read More

Engaging Purchasing Stakeholders: A Framework that Works

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Paulo Moretti
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The recent Deloitte Global CPO survey 2018 contained several surprising results. Foremost among them for me was the low level of purchasing engagement between businesses and functions, that is, Read More

Gaining Efficiencies from MRO Waste Reduction

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George E. Krauter
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Is there waste in your MRO management operation? Are there benefits that can be realized from increasing MRO efficiencies? You betcha on both counts. Read More

A True Story of a Real Battle: Procurement vs. Operations

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George E. Krauter
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The CEO of a large multi-plant corporation sent a memo to the procurement CPO instructing him to reduce the company’s expenditures by 22% in the coming year. The same memo was sent to the operations 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

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

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

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…

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 …

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.