• Procurement Digitalization Efforts Now Beginning to Bear Financial Fruit

    View >>

    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.

    Read More
  • How Spend Management Platforms are Facilitating a Transition to Data Driven Procurement

    View >>

  • Procurement “Digitization” Efforts: Ready for Prime Time?

    View >>

Latest Articles

Suppliers and ePayables Acceptance: Latest Findings

Dennis Bouley

According to a recent NAPCP and Accenture survey, supplier acceptance of card payments has increased since 2009 across spend categories, with significant growth since 2013 in major categories Read More

Procurement Budgets Battle the Need to Digitalize Operations

Dennis Bouley

According to a recent Hackett Group research study, 95% of procurement executives indicate that digital transformation will change the way procurement services are delivered within the next two years. The percentage of organizations with Read More

The Implications of Blockchain in Supply Chain

Marisa Brown

The potential for blockchain in the supply chain is great, but many organizations have not yet made the investment Read More

Contract Management: How Technology Helps Procurement Ensure Compliance, Boost Efficiency, & Minimize Risk

Timothy Donaghy

Despite the increased digitization of many business functions, the contract management function has lagged behind at many organizations. 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.

Download Now


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.

Download Now


See all

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

A True Story of a Real Battle: Procurement vs. Operations

Photo of George E. Krauter

George E. Krauter
Read Bio

The CEO of a large multi-plant corporation sent a memo to the procurement CPO instructing him to reduce the company’s expenditures by 22% in the coming year. The same memo was sent to the operations Read More

When it Comes to MRO, “The More Things Change, the More they Stay the Same”

Photo of George E. Krauter

George E. Krauter
Read Bio

In the late sixties, there was a method of MRO supply called “Systems Contracting,” initiated and applied by the Carborundum Company who required Read More

Uncovering Obvious Procurement Cost Savings

Photo of George E. Krauter

George E. Krauter
Read Bio

Procurement is continually under pressure to find areas of cost that can be recovered or eliminated. Although the MRO spend dollars are low when compared to Read More

The “5 S” Approach to Reliable MRO Operations

Photo of George E. Krauter

George E. Krauter
Read Bio

“5 S” (sort, set in order, shine, standardize and sustain) is a system of organization that increases the likelihood that production will occur exactly as planned. 5 S approaches are designed to keep the workplace safe and productive; the concept contends … Read More

mypurchasing

@mypurchasing



Supplier Profiles

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

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

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

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…

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.

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 …