Year after year, research studies by universities, consultants, and purchasing associations have shown cost reduction as one of a company’s three most important goals for the year. Although innovation and collaboration among business stakeholders and suppliers (SRM) continue to be part of the agenda in most of the companies, cost reduction remains a key part of the Purchasing agenda. Read More
Facing a group of students in the Global Supply Chain Management program at Bryant University and supply managers, Dr. Fred McKinney said he couldn’t resist an opportunity. “I’m going to put my professor hat on and question you about supplier diversity,” McKinney, President and CEO of the Greater New England Minority Supplier Development Council, told the students and supply managers gathered for a meeting of ISM-Greater Rhode Island. Read More
“Grainger’s mission is to help our customers keep their operations running and their people safe,” said Deb Oler, Vice President and General Manager of Grainger. "This show enables attendees to learn how Grainger partners with them to examine their challenges and MRO spend, and how we develop comprehensive and proven strategies to help them save time and money.” Read More
A focus of our research study was to gain new insights into which specific SRM practices, independently and in combination, yield the greatest benefit and return on investment. One finding was that governance was a major differentiator of top SRM performers. In this article we discuss some of the specific SRM practices that collectively comprise effective SRM governance. 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.
Dale Ford, Vice President and Chief Analyst at IHS Technology looks at 2014 year-end results for the semiconductor industry in this interview with Nikita Saharia Chaturvedi. A healthy industry is good for suppliers and buyers, Ford says. It gives buyers opportunity to strengthen relationships with suppliers, which can help them manage supply chain risk. He also examines new growth areas for 2015: Industrial and auto applications.
ISM-Carolinas Virginia holds its spring conference on March 13. To learn more about it, Nikita Saharia Chaturvedi talks to Craig Demarest of R.J. Reynolds and Vice President of ISM-CV. The theme is procurement as trusted advisor and the agenda is chock full of presentations on influencing, innovation and team building. Says Demarest: “It’s an all-star program at an all-star venue (Milliken in Spartanburg, S.C.).”
The Innovation Garage visited seven cities and attended or facilitated seven events on the subjects of The Next Decade in Procurement, Design for Manufacturing, Supply Chain Technology, Innovation Executive Leadership and Accelerating Innovation. We’ll sha… Read More
Purchasing managers rely on reports made by experts claiming to predict the next rise and fall of resin prices. When oil prices take a wrong turn or cotton crops have an exceptional harvest these experts find reasons in hindsight why their models went wron… Read More
Nikita Saharia Chaturvedi
The ISM–Carolinas–Virginia Spring Conference commences in the second week of March at Milliken in Spartanburg, South Carolina. Among the largest affiliates of the Institute for Supply Management, ISM-CV consists of 15 chapters throughout Virginia and North… Read More
Jon Washington is founder and proprietor of Innovation Garage, a company that helps others collaborate, innovate and generate revenue for their organizations. “We make things, make things better and teach others,” is how he puts it to My Purchasing Center. Read More
Staples Advantage is the one supplier that offers all the business solutions you need, all with the expertise of a specialty vendor. 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
More shippers today appear to be outsourcing some or all of their logistics. How does a company decide that outsourcing logistics is the right choice? This white paper can help companies decide, set reasonable expectations for what outsourcing can contribute to the organization, and how much of a ro…
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,…
Air cargo can be an important and highly efficient component of today’s optimized supply chain. For many products, markets, and industries, air cargo is the critical link that allows organizations to respond to customer demands in a timely manner. Multiple air shipment options, as well as advancemen…
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…