More mature sourcing organizations orchestrate, SciQuest's Brett Cornell told procurement professionals attending NextLevel 2014. Qualities of organizations at this stage “know and use the best tools, have a best-in-class approach to tactical procurement, and use the supply base to competitive advantage.” They’re also viewed as “business leaders, optimize the entire supply chain and are embedded in product design and development.” Read More
Bioplastics offer a potential route to meet corporate sustainability goals, but present many obstacles to procurement staffs including higher costs, lack of an established supply base and performance properties that often don't compare to incumbent plastics made from fossil fuels. Read More
The American Lightweight Materials Manufacturing Innovation Institute wants to lower the prices of and increase access to so-called boutique metals (i.e., ultra-high-performance materials) by scaling up the supply infrastructure and manufacturing capacities that affect their availability and by helping to develop testing and certification methods for their use in products. Read More
The selection of multiple suppliers for unidentified work is what we at Source One call a “Supplier Bench” or simply “Bench”, so named because the selected suppliers sit on a “bench” and are selected ad-hoc to provide and deliver their services based on specific work on a repeatable basis. This means that, as new projects and business needs arise, suppliers from the bench will have the opportunity to service that need. Read More
Source One’s Fandozzi continues her presentation with a look at ways procurement can meet challenges of sourcing indirect categories. Tools such as reporting, transparency and training can be particularly helpful to market procurement value, she says.
In a presentation to supply chain graduate students at Rutgers University, Lindsey Fandozzi, Director, Supply Chain at Source One Management Services, describes challenges procurement faces when sourcing indirect spend categories. Using a case study of Apple as illustration, she shares key points with My Purchasing Center.
What's happening on the show floor at the ISM conference? My Purchasing Center interviews Adam Stewart of exhibitor SciQuest on the company's source-to-settle solution and its new user interface. He calls it "simple and sleek".
In this month’s Minutes with Mickey podcast, BravoSolution’s Mickey North Rizza takes on a topic that often has negative connotations for procurement: Outsourcing. Rather than fear outsourcing, North Rizza suggests procurement see the tool for what it is, an opportunity for the business to reduce cost of low value added activities and focus on the strategic and core competencies. She has tips for managing too.
As senior managers at more companies hold procurement pros accountable for disruptions in the supply chain, James Gellert, CEO at Rapid Ratings, says being prepared--having insight into the financials of privately held suppliers--should help. This is especially true as suppliers think about expanding operations--and procurement pros wonder if they’re able to meet their demands.
Anthony M. Ridnell
I am not old enough to have experienced the ‘two martini lunch’ technique of ‘doing business’, nor am I young enough to fully grasp the trends on ‘how buyers will buy’ 10-15 years from now. However, I do know that the chemical industry has actually regre… Read More
George E. Krauter
Changing all the negative effects of a “STORM” room to a reliable world-class “STORE” room requires that all departments recognize and accept the process that will affect the change benefits; ergo, the line from Mr. Meacham’s Pulitzer Prize-winning book…..… Read More
My Purchasing Center caught up with Shelley Stewart, Vice President of Sourcing and Logistics and Chief Procurement Officer at DuPont, late last week. He filled us in on his role in the upcoming ISM Supply Chain Diversity Summit and shared his thoughts on … Read More
George E. Krauter
At a recent expo, we surveyed reliability engineers and purchasing managers to determine their views on their MRO stores effectiveness. Seventy-four percent said that their MRO stores were unreliable and a constraint to proper asset management; another 10%… 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
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
To help our readers achieve their goals and provide the latest information on strategies in world class procurement, My Purchasing Center and OfficeMax compiled some of the best articles and research on strategic sourcing posted at MyPurchasingCenter.com into a new guide. Our eGuide, Strategies …
Your Supply Chain Can Drive Strategy How can you keep up with fast-changing customer demands? In this new white paper, find out how some organizations are seizing upon the customer’s need for speed to make their supply chains more flexible, drive business goals faster, and create a better experi…
New approaches to outsourcing are helping shippers drive down costs in the short term and build smarter, stronger supply chains for the long term. This white paper introduces some of the new thinking that is shaping today’s most successful transportation outsourcing models.
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…