• 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

Digitalization of Procurement Becoming More Feasible for Stakeholders

Dennis Bouley

The recent growth of Internet connected industrial and personal devices has been referred to as the “Internet of Things” (IOT) revolution. In fact, this trend is really an evolution that has been underway for Read More

For Procurement, a Digitalized Workforce is Just Around the Corner

Dennis Bouley

According to The Hackett Group, a strategic consulting and benchmarking firm, tomorrow’s digital and analytic workforce will have dramatically different roles in business functions Read More

Current and Future Prospects of Robotic Process Automation (RPA) for Procurement organizations

Suchismita Dhal

The adoption of Robotic Process Automation or RPA is at an all-time high across multiple horizontal processes in different organizations across the world. It is currently considered as one of the biggest technological change levers to reduce Read More

Financial and Operational Considerations for Parcel Services

Guest Editor

When identifying shipping best practices there are numerous methodologies, carriers, and shipment service choices to consider. These should be assessed 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

Overcoming the Obstacles to Improved MRO

Photo of George E. Krauter

George E. Krauter
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In the world of MRO operations, even with multiple attempts to change, improve, increase reliability, the status quo in most plants seems to prevail. Read More

Procurement vs. Cyber Attacks: Who Can Win in the Long Run?

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Jaime Leonard
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Procurement organizations need to call on their suppliers to increase IT security to mitigate risks against cyber threats. Working with suppliers that take IT security into heavy consideration will be critical Read More

How One Manufacturing Company Established a World-class MRO Operation

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George E. Krauter
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It all started with one key large company manufacturing executive proclaiming “Something must be done to improve MRO’s contribution to our business goals”. Read More

How the Wisdom of Winston Churchill Can be Applied to MRO Efficiency Improvement

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George E. Krauter
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Winston Churchill once said “Things do not get better by being let alone. Unless they are adjusted, the explode with a shattering detonation.” How apt these sentences are when considering the current state of most maintenance, repair and operations supply… Read More

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Supplier Profiles

Digi-Key

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

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

Sponsored Articles

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 …

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…

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.