• 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

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

EPIC Awards Announces 2018 Winners

Dennis Bouley

The EPIC Awards recognize and celebrate the most innovative, dynamic, and accomplished procurement leaders. At the recent annual ProcureCon Indirect East Conference, held in Amelia Island, Florida, winners were announced in four categories: team innovation, rising star, life achievement, and supplier partnership excellence. Read More

Institute for Supply Management Conference

Dennis Bouley

Institute for Supply Management Conference Announces Keynote Speakers Mitt Romney, Arianna Huffington, and John Rossman Read More

Creating a Roadmap for a Sustainable Procurement Future with ISO 20400

Suchismita Dhal

The International Organization for Standardization has recently released ISO 20400, a standard for sustainable procurement. It provides guidelines that can lead to improved 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

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

Time to Revisit the Costly Ways that MRO Suppliers are Selected

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George E. Krauter
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Now is the time of the year when procurement managers are asked for plans to reduce "costs" for the year. Most MRO procurement departments are measured Read More

Batter up! How MRO has Much to Learn from Baseball

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George E. Krauter
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Tom Hanks said that there is no crying in baseball; there is a lot of crying in the world of MRO. Read More

How Procurement Can Directly Impact Overall Plant Reliability and Performance

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George E. Krauter
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Break/fix approaches to asset management, are evolving more and more towards Condition Based Maintenance (CBM). CBM implies “Conditional Probability of Failure” which is the probability that an asset failure will occur Read More



Supplier Profiles

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


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


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

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.

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…

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 …

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 …