Source One Management Services
Attention, fleet managers: Have you ever spent an entire week tracking down personal mileage from your drivers to calculate employee fringe benefits? Do you have any high risk drivers and would like to understand their driving patterns? Do you dread the beginning of each year because you know you have to send out insurance cards to each of your drivers? Read More
Do we need to wait until technologies and automation address operational needs to free up the time for (paraphrasing Kraljic) Purchasing to become Procurement? The answer is “no.” Good Procurement – efficient and effective – for the foreseeable future, is a people matter. Read More
You’ve heard the term blockchain. What does it mean? How does it work? How can companies use the technology to help make their supply chains more efficient and cost effective? And what does it all mean for procurement leaders? To get the answers to these questions, My Purchasing Center met up with Brigid McDermott, Vice President of Block Chain Business Development at IBM. Read More
A well synchronized, Lean Supply Chain employing Just-In-Time (JIT) inventory methods with supplier integration is a proven competitive advantage, but that advantage quickly evaporates with any supply disruption. A solid supply chain risk strategy is a must in today’s environment of greater uncertainty. Read More
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.
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.
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.
Purchasing and supply chain professionals must be aware of and strive to improve their emotional intelligence. A definition of emotional intelligence is the capacity to be aware of, control and express one's emotions and to handle interpersonal relationsh… Read More
David S. Yin
Procurement, like any other corporate function, is valued by its contribution to the company’s bottom line. In recent years, procurement has gained greater prominence as companies emphasize cost-cutting as a principal way of improving margins. However, the… Read More
George E. Krauter
It has always been a dilemma for me to understand why companies continue to operate their own MRO storerooms when lack of proper MRO management is a major cause of downtime, worker inefficiency and a drain on plant reliability levels. Read More
“Sourcing has to have a holistic view of the business and understand how the relationship with the supplier will differentiate our products and give us a competitive advantage,” Jose Varela, Vice President, Sourcing Operations, 3M, tells My Purchasing Cent… Read More
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
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
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…
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.
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 …
A comprehensive study done by AT Kearney in late 2014 showed that 75 percent of procurement organizations have not improved their productivity since 2011. This seems hard to believe given procurement’s constant push for efficiency gains, declining commodity prices, and the rise of technology designe…