Ford Motor Co. says the natural fiber composite is being studied for potential use in structural interior applications, Class A surface components, structural exterior applications, and even under-the-hood applications. From a supply management perspective, the material can be sourced from multiple facilities and a global infrastructure is available for pulp cellulose fiber. Read More
Companies that use this period of stability to review past recessions and develop a better understanding of the full competitive benefits of cost management will come out on top when the economy begins to contract again. The whole point of an innovative cost management strategy is having the answers before the problem hits you. Read More
Manufacturers and brands have raised the level of bio-based materials they use in their products. Their reason for using plant-based materials is, in part, to meet sustainability goals. However, such materials, green as they might be, are now competitive with petrochemicals in the critical areas of cost and performance. Read More
The most important person procurement leaders should focus development effort on is themselves,” says Sigi Osagie, author of the new book, Procurement Mojo: Strengthening the Function and Raising Its Profile. “Effective self-leadership is the keystone of effective functional leadership. If you can’t manage yourself effectively, what chance do you have of managing others successfully and bringing out the best in them? 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.
Using PPV as a metric sends a message to procurement to beat up suppliers, Jimmy Anklesaria of the Anklesaria Group tells My Purchasing Center. “I’m ashamed of CFOs who demand 5-6% price reductions year on year,” he says. “Great leaders in procurement push aside outdated measures and focus on what’s right for the business.” He shares a couple of these right metrics in the podcast.
Prime Advantage’s Mike McDonald shares results of the company’s 13th Purchasing and Manufacturing survey of more than 750 small and mid-sized companies. Upbeat on the economy, survey respondents still are concerned about rising costs of commodities, especially steel and aluminum. Our podcast interview provides details.
I’ve been having a lot of conversations recently on the issue of building better business relationships through collaboration. While it’s fair to say that relationships are a key part of anyone’s success, these days it seems especially relevant to procurem… Read More
Nikita Saharia Chaturvedi
“Our professional services folks were down in the trenches, sleeves rolled up with corporate procurement teams helping them to analyse indirect and MRO spending patterns, identify and prioritize cost savings opportunities, execute on sourcing activities an… Read More
Nikita Saharia Chaturvedi
“When the 2015 contract season wraps up, most of those price increases will be realized, as most of the companies under contract have not absorbed the increase yet,” Prime Advantage's Mike McDonald tells My Purchasing Center. “For example, aluminum prices … Read More
One of the most valued characteristics of a leader is integrity. A purchasing leader needs to never waiver in being honest to everyone in all their relationships. The quickest way to demoralize your team is to not keep your word. There can be no compromise… 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
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
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…
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,…
Let’s call 2020 the Year of the Category Manager. By then, more companies will turn to these leaders in Procurement for their expertise at developing corporate strategy—and those with skilled Category Managers on their teams will have an edge on the competition.That’s the thinking of the CPOs, P…
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…