For years, we’ve advocated that e-sourcing is more than a simple tool for procurement. The value that e-sourcing provides impacts every corner of an organization – including sales, finance, marketing, and operations. In addition to driving savings and processes efficiencies, we’ve seen e-sourcing improve customer satisfaction, drive new revenue, unlock working capital, and strengthen the company’s brand. Read More
In the supply chain, we make decisions all the time consciously and unconsciously; most are not subject to our best thinking efforts because we do not know enough at the time to work them out that fast. Decision-making uses intelligence, wisdom and creativity to help us transit from the past and present to project the future. Read More
In an effort to explore “the art of the possible”, we interviewed 25 senior chief procurement officers and executives, asking them what they believed the future state of procurement might look like in 25 years. Based on these insights, we discovered that top thinkers believe procurement can indeed provide a good deal more value to the business than they do today. Read More
Enterprise resource planning systems can be large and complex and a pain to get up and running, but once implemented, they deliver. Deploying ERP systems into a manufacturing process generally promotes a smooth and efficient flow of material to the production line, with minimal wasted time and money. The benefits are tangible, with improved production scheduling, effective inventory control, improved quality, and lower overall costs. 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.
In this podcast interview, Mickey North Rizza, Vice President, Strategic Solutions at BravoSolution, responds to the question, What should be in a job description for a procurement or supply management professional? Citing facts and figures on an upcoming skills shortage, she says CPOs must first look at what they want to accomplish.
Howard Rappaport, Senior Director for Chemicals with the Pricing & Purchasing Service at IHS talks to My Purchasing Center about what procurement professionals should think about when sourcing chemicals and plastics. There’s not much transparency in the market and making decisions can be tricky, he says, suggesting buyers watch energy prices and supply disruptions and remember that it’s hurricane season in the U.S.
You know the one I mean, it goes something like this: ”We regret to announce that our prices will increase by 3% effective immediately. Rest assured we have held off as long possible, but our own costs for (raw materials, energy, labor – pick one) have ris… Read More
Governments are now committing significant resources to improving their contracting capabilities. It seems the public sector is actually starting to out-strip most private sector companies in its grasp of the importance of contract management in today's bu… Read More
George E. Krauter
Basically, the results clearly show that no matter how companies achieve sophisticated “state of the art” manufacturing processes and are leaders in providing precision futuristic products to their markets, they “put up” with MRO situations that detract fr… Read More
There are so many variables to every interview scenario that a job seeker is often confused about how best to prepare. Many aspects of the interview process are out of the job seeker’s control. Because of this, we recommend that the best way to prepare for… Read More
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
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
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,…
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…
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…
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…