Nikita Saharia Chaturvedi
ThomasNet’s latest Industry Market Barometer® (IMB) research is a good news/not-so-good news story. The annual survey of manufacturers shows continued growth for the sector. Companies are hiring, increasing production capacity, and investing for more growth to come. Fifty-eight percent of respondents say their business grew in 2013, and 63% expect even more gains by the end of 2014. Read More
“From a buying perspective, there’s plenty of capacity if indeed the new capacity that’s come online meets your quality specs and the prices have been relatively flat,” Tom Runiewicz, Principal, Industry Practices Group at IHS, tells My Purchasing Center. “In fact, I expect prices to be flat through the remainder of this year and into 2015 because of this new additional capacity we’ve seen. And demand hasn’t grown much. Read More
Cargill’s global sourcing team must contain costs, manage price volatility, leverage internal demand across the 65 plus business units and tap into measurable value without compromising safety, quality and service to our customers. Achieving these objectives requires a comprehensive understanding of ever-changing prices andtrends for materials worldwide so the team can negotiate effectively with their suppliers. Read More
As a manufacturer of medical supplies, Cardinal Health needs to accurately forecast the often volatile prices of commodities, such as cotton, polyethylene and polypropylene. These forecasts are critical for negotiating commodity prices, mitigating the risks of price volatility, and setting the optimal prices for finished goods. Developing these forecasts required solid price data and analysis of the reasons for price movements as well as the meaning of those trends for the company. 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.
Nikita Saharia Chaturvedi talks to Rita Lieberman at ThomasNet about their annual Industry Market Barometer research which shows small to mid-size manufacturers expect business to grow, with new opportunities coming from the near-shoring trend. One concern: Finding qualified employees. Many Millennials still have a negative feeling about manufacturing. Lieberman explains what it means for procurement.
The government of Canada has renewed its pcard contract with BMO Financial Group and MasterCard. What does this mean for procurement and supply managers? My Purchasing Center’s Nikita Saharia Chaturvedi asks this question of Steve Pedersen, Vice President, North American Corporate Card Products at BMO. Pedersen responds with a host of reasons--why procurement may want to take a new look at cards.
Since part of Staples Advantage’s offering is to help customers prepare for changes in workplace trends, including telecommuting, Neil Ringel, Executive Vice President, Staples Advantage, tells My Purchasing Center that the company is surprised to see so m… Read More
I believe there is a sustainable role for Procurement, but it will be quite different from the role of the past and it will encounter competition from others also seeking self-preservation. It also demands a radical shift from the control and compliance me… Read More
The question that anyone interviewing must ask themselves is “Am I going into this process with a good attitude?” It’s much harder than it sounds because it requires an honest self-evaluation that is not always easy to measure. Let’s face it, most of us th… Read More
If negotiators remain fixated on winning points and gaining concessions, it means they will generally fail to establish the on-going governance and performance principles necessary for success. It also creates an environment where cooperation is threatened… 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
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
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…
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…
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,…
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…