Purchasing Articles

Temporary Labour Procurement Maturity: How Your Performance Compares to World-Class

Guest Editor

As per staffing industry analysts, temporary labour features among the top three high-spend categories among 60% of Fortune 500 companies. The role of procurement has never been more important to manage this significant spend which can spill over $1billion. Read More

Quick Guide to Fleet Management Services

Source One Management Services

Fleet Management Companies (FMC) provide a spectrum of outsourced fleet-related services from asset management to vehicle remarketing to consultative services and everything in between. This post will focus on commonly purchased light fleet services for your standard sedan-centered fleets. Read More

Global Trade Growth Slowdown a Wake-Up Call for Nations

Procurious

Global trade growth has slipped to its slowest rate since the 2009 financial crisis, sparking concerns for jobs and economic growth. Read More

Number of FTEs that Develop Sourcing Strategies per $1 Billion Purchases

APQC

APQC’s Open Standards Benchmarking® data in procurement shows the difference between top performers and bottom performers regarding the number of full-time equivalent (FTE) employees needed to develop sourcing strategies per $1 billion in purchases is significantly different. Bottom performers require 17 more FTEs to develop sourcing strategies than top performers. The disparity at the median performance level Read More

Buying "New" Equipment For A Low, Low Price? Trust, But Verify

Guest Editor

My company, Flash Global, purchased “new” hard drives from one of the largest IT distributors in the world as part of a test. All of the drives were labeled as "new," but all were actually used equipment. One drive had more than 26,000 hours of powered-up time. Read More

Cost Savings Only A Fraction of Procurement Contribution

Susan Avery

Procurement responsibility for more than cost savings was a recurring theme at sessions at the conference produced by the Next Level Purchasing Association. Procurement appears to have a better vision of its place in a company, understanding that its mission is to work with internal stakeholders and suppliers to meet the company’s overall objectives. Still, procurement may find it challenging to communicate its vision to managers and stakeholders. Read More

Measuring Purchasing Maturity

Paulo Moretti

My objective is to demonstrate a tool for high-level purchasing executives to create an organizational self-assessment, so they can more fully understand areas for improvement, whether they are able to change by themselves, or whether they need to work with consultants on the areas for improvement.... This basic tool here can help executives begin thinking about potential changes for improvement. Read More

Peeling Back the Stakeholder Interview Process

Source One Management Services

To properly source any category, you have to not only understand the category itself but also fully understand the specific needs of your stakeholders –their requirements and to some extent even preferences. As a procurement consultant, I find stakeholder interviews to be a crucial and valuable part of the strategic sourcing process. Collecting this qualitative data in additional to your quantitative spend data lays the foundation for an effecting sourcing strategy. Read More

The Top Five Advantages of Earning a Logistics Degree

Guest Editor

From logistics software operations and logistics engineering to management roles in warehouses and transportation, there’s no lack of logistics career variety. Across the board, logisticians play a crucial role in eliminating inefficiencies and reducing costs from production, shipment and distribution. Read More

Percentage of Purchase Value from Certified Vendors

APQC

The practice of using certified vendors helps organizations mitigate risk by using audits and review processes to increase the likelihood that purchases will meet critical requirements. APQC’s research has revealed that, when working with certified vendors, top performers regularly evaluate supplier capacity and capability to ensure a good match to requirements. Read More

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