• 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

Guidance for Addressing the New Talent Acquisition Challenge

Dennis Bouley

The US Labor Department reported in March of this year that there were 6.6 million job openings, a record high. Although most of us applaud these numbers Read More

Millennials in Supply Chain Management Seek Advancement and Development Opportunities

Marisa Brown

Millennials working in the supply chain management field don’t fit the mold that the older generation assumes for them. APQC’s recent study Read More

Are Blockchain and Procurement a Good Match?

Dennis Bouley

Among the dizzying array of new technologies that are reshaping business today, blockchain is among the most mysterious and intriguing. The theory behind blockchain... Read More

Four Essential Levers to Realize Post-Merger Procurement Synergy

Suchismita Dhal

The cost and revenue synergies from any M&A activities are always derived from multiple pockets. Companies do plan meticulously to achieve the savings from all departments such as operations, procurement, sales and marketing, general and administrative etc. 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

Thought Leadership and the Demise of Your Third-Party MRO Outsourcing Program: Part 4

Photo of George E. Krauter

George E. Krauter
Read Bio

When one defines third-party MRO (3PMRO) success, one assumes that fundamental operations are being executed and that expectations are being met (i.e., ROI goals are surpassed} Read More

Thought Leadership and the Demise of your Third-party Outsourcing Program: Part 3

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George E. Krauter
Read Bio

Parts 1 and 2 of this series outlined some the pitfalls to anticipate and to avoid when your third-party MRO (3PMRO) program is in operation. This installment continues to explain how opponents to your Read More

Thought Leadership and the Demise of your Third-Party Outsourcing Program: Part 2

Photo of George E. Krauter

George E. Krauter
Read Bio

In my first installment in this series, I pointed out how those within organizations opposed to outsourcing of the MRO function erect obstacles to success. Read More

Thought Leadership and the Demise of Your Third-party MRO Outsourcing Program

Photo of George E. Krauter

George E. Krauter
Read Bio

When one defines third-party MRO (3PMRO) success, one assumes that fundamental operations are being executed and that expectations Read More

mypurchasing

@mypurchasing

  • APQC’s recent study "Understanding Millennials in the Supply Chain" reveals findings that counter the popular myths… https://t.co/3RJClTJaj1
  • Millennials in Supply Chain Management Seek Advancement and Development Opportunities #supplychainhttps://t.co/HI7YdvofrE
  • As the economy heats up, more workers have more choices for where they want to work. This competitive environment m… https://t.co/nVRUt7kKnv


Supplier Profiles

PMAB

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

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

Sourcing Strategies Group

The Sourcing Strategies Group (SSG) was founded on the basis of being able to assemble the experience and expertise that can help Supply Management organizations achieve new levels of effectiveness, and value creation. 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 …

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.

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 …

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…