While most Fortune 500 companies have started procuring managed print services worldwide, enterprises have little visibility of best practices and negotiation methodologies followed during the procurement process. Managed print services have evolved from a simple CPP (cost per page model) to different models like Base + Click and Base + Consumables. Read More
A group purchasing organization (GPO) is a well-known buzzword in the healthcare and government industries. Do you know that using one in your business could translate into thousands of dollars of savings on the supplies and resources you use every day? Read More
Competition in the office supply market is stiff, and plenty of companies would like to have your business. But, there is a difference between a company that wants to have your business and a company that wants to earn your business. While choosing an office supply company isn’t a glamorous task, it’s a task that shouldn’t be entered into without some careful consideration. Read More
Businesses that adopt a global procurement mindset look for ways to streamline purchasing of materials, technologies, and resources, as well as negotiate more competitive deals and financial arrangements. But increasingly, global procurement is being seen as an unprecedented opportunity to strengthen working relationships across different divisions of the company and apply this collective wisdom to drive performance and sales. Read More
Source One’s Fandozzi continues her presentation with a look at ways procurement can meet challenges of sourcing indirect categories. Tools such as reporting, transparency and training can be particularly helpful to market procurement value, she says.
In a presentation to supply chain graduate students at Rutgers University, Lindsey Fandozzi, Director, Supply Chain at Source One Management Services, describes challenges procurement faces when sourcing indirect spend categories. Using a case study of Apple as illustration, she shares key points with My Purchasing Center.
Looking for a job in procurement? My Purchasing Center continues our talk with Bob McInturff, President and CEO of McInturff & Associates, recruiters for supply chain, operations and procurement, with five simple things you can do to keep yourself current.
When it comes to spending money on supplies, there are a few non-negotiables. However, the areas where buyers can negotiate are far more numerous. And, while it may feel like negotiating prices for paper and other office supplies is spending dollars in time to save a dime, the truth is that you may be stepping over those dollars by missing out on negotiating. According to a CAPS research study, indirect spending accounts for an average of 50% of business costs. Read More
Even if your budget or space don’t allow for big-time perks such as a gym, you should be giving your employees something on the job. Everyone likes something for free, and coffee provides many benefits beyond that. As one of the most widely consumed beverages in the world, coffee gives your employees a creativity and productivity boost and also just might encourage them to be better friends. Don’t skimp when it comes to employee morale. Read More
Don’t take a supplier’s analysis for granted. If they are telling you a price increase will have a negligible difference, do your own research before committing to anything. Understand exactly how it will affect your bottom line to avoid any surprises down the road. Similarly, you should ask for SKU-level information on all price increases to understand how these increases will translate into higher costs for your business. Read More
Yesterday, Office Depot issued a news release in which it states that it and Staples intend to contest a decision by the U.S. Federal Trade Commission to challenge the merger of the two companies.What do procurement leaders think of the proposed merger? We hear that the merger may affect corporate buyers more than consumers. My Purchasing Center LinkedIn group members started a couple of discussions presenting several different points of view. 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…
What do you think the future holds for procurement? And do you think your predictions line up with those of your peers? You can find out by downloading this overview of a recent Oxford Economics global survey involving more than 1,000 procurement executives and practitioners. It covers a wide ran…