Purchasing Articles

Chemical Price Forecast for 2013

Doug Smock

For buyers, it means a return to their historical position of enjoying a competitive advantage because of America's position as a low-cost global producer. As much as 2 billion lb/yr of new ethylene capacity is expected to come on line this year. Chevron Phillips Chemical Co. and Exxon Mobil Corp. are building similarly sized ethylene plants in Texas. Read More

The Case for Supplier Development

A. T. Kearney

The recent backlash surrounding worker conditions at one of Apple’s supplier facilities is a prime example of why companies need a focused supplier development program as part of their overall Supplier Relationship Management (SRM) initiative. Read More

Basware Adds Procurement Module to Solution for Small Businesses

Susan Avery

Basware, a provider of e-invoicing and purchase-to-pay software and services, has added a procurement module to its InvoiceReady solution, offering invoice-handling capabilities to small-and-medium-sized businesses. Read More

“Trust, But Verify” Creditworthiness

Guest Editor

How can procurement keep a pulse on suppliers? All too often, companies trust that a potential business partner is creditworthy with very little evidence to support the assumption. Ronald Reagan made popular the catchphrase “Trust, but verify” regarding the former Soviet Union, but the maxim is a good one for businesses considering new business relationships, too. Read More

ThomasNet.com Updates Help Procurement Teams Find Products

Susan Avery

New features of the website ThomasNet.com provide procurement professionals with additional tools, resources and content to find suppliers, source products and access CAD models and product news. Read More

Purchasing Salaries Move Slightly in 2012

Susan Avery

The 2012 American Purchasing Society salary survey has some good news for professionals who hold the title purchasing director. In 2012, purchasing directors saw their salaries increase by nearly 7%. Average salary for a purchasing director in 2012 is $96,400, an increase from $90,200 in 2011. Read More

EPIC Awards to Honor Professional Excellence in Indirect Procurement

Susan Avery

My Purchasing Center and ProcureCon will recognize professional achievement in indirect procurement with the new Excellence in Purchasing Indirect Categories (EPIC) Awards at ProcureCon Indirect East, February 11, 2013, in Charlotte, N.C. Read More

E-Sourcing Helps Grocers, Restaurants Focus on Innovation

Susan Avery

In an interview with My Purchasing Center, Brian Miller, Vice President of Services at Intesource, a provider of e-sourcing services in Phoenix, Ariz., describes a new economic normal for grocers and restaurants. Fewer people eating out and higher prices resulting from the droughts of the past summer create a tough environment for growth, Read More

Three Reasons to Assess Supplier Financials

Guest Editor

Every investor is familiar with the legal caveat “Past performance is not a guarantee of future results,” but the warning is apt for business owners and credit officers evaluating potential trade partners’ creditworthiness, too. Read More

At Cubist Pharmaceuticals, Strategic Sourcing is CEO Vision

Doug Smock

"Strategic sourcing did not start at Cubist because of a demand by Wall Street to cut costs," says Mary Kachinsky, Senior Director of Strategic Sourcing. "It began as a means of liberating funds to fuel future growth.” Read More

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