The NAPCP, a leading membership-based professional association committed to advancing Commercial Card and Payment professionals and industry practices worldwide, recently released results of a comprehensive industry salary survey. The results yield good news: In the United States, the average program manager (PM) salary in 2013 was 14% higher than in 2010, while the average program administrator (PA) salary was 9% higher. Read More
Procurement professionals are increasingly at the forefront of managing risk, particularly considering the increased business reliance on outside suppliers and services. As these value chains continue to globalize and grow in complexity, the risks are only multiplying, even in the face of increased compliance and regulations. A simple supplier error could now have a ripple effect that disrupts not only the supply chain operations but also cause serious damage to the company’s brand in a very public way. Read More
A new procurement training video, Achieve Competitive Prices Without Bidding, is now available for viewing at My Purchasing Center. The 60-minute training session is led by Rod Sherkin, President of ProPurchaser, a website that helps purchasers succeed in negotiations. The video, a $35 value, is available to the first 100 registrants free of charge compliments of Staples Advantage. Read More
"If you are the finance director looking at a P&L thinking, ‘Is it easier to save $20 million in our cost base, or is it easier just to make another $200 million in sales? It’s a damn sight easier to save $20 million in costs, and therefore the value of a procurement team in the right situation is almost more valuable than the sales team, but you need a forward thinking CFO and CEO to understand that. That data is rare in most organizations.” Read More
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.
Part 2 of the Source One video series examines the elements needed to build a successful relationship between sourcing and marketing. One important point Kathleen Jordan makes is that sourcing needs to communicate that it wants to help marketing by optimizing its budget, not cutting it.
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.
Earlier in May Tradeshift made news with several important announcements that have an impact on procurement and supply management. CEO Christian Lanng takes time out of his busy schedule to share the news with us--additional funding to build a collaboration network and the launch of an incubator for application developers. He provides all the details and additional insight in this interview.
Long-term plans serve as a great focal point for purchasing and ensure that constant firefighting and other upsets do not overwhelm their efforts. They can serve as guides for the stages of organizational transformation that a purchasing department wants t… Read More
Some organizations have grasped the need to build ownership and quality into the entire make-or-buy acquisition process, but many have not. They have instead institutionalized Procurement around a rigid process designed to deliver theoretical savings, whic… Read More
In the past several months I have witnessed horrible truck driving behavior on the roads around greater Boston…lots of speeding, weaving, lane violations, and aggressive driving that is far from routine. I recently drove to Connecticut to conduct and ISM-C… Read More
“As a buyer, you can be anywhere in the world on a desktop, laptop, tablet or smart phone and create an RFQ on FocusedBuyer.com and send it to whom you want,” says Don Jean, Founder and CEO at FocusedBuyer. “The supplier receives it, evaluates it and can m… 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
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
Surprised by accessorial charges on your LTL freight bill? Learn why LTL carriers charge accessorials, and how your freight characteristics and process inefficiencies may be the culprits that cost extra for you and your LTL carriers
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…
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…
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…