Purchasing Articles

Procurement, Supplier Relationships and Operational Performance

Susan Avery

This is where procurement comes in. As leaders of cross functional strategic sourcing teams, procurement is responsible for selecting suppliers and managing their performance. With access to market intelligence such as the REL study and sophisticated tools such as dynamic discounting and supply chain financing, procurement can influence DPO by ensuring the figure is in line with market norms. Read More

How Big Data Insights are Revolutionizing Global Procurement Strategies

Guest Editor

Businesses that collect big data insights are finding that they can refine global procurement strategies and processes with greater precision than ever before. They also can intervene more effectively to resolve problems and challenges, and they can use concrete data instead of intuition and instinct to accomplish this work. One study by the Massachusetts Institute of Technology’s Sloan School of Management finds Read More

A. Schulman Promotes Chief Procurement Officer Gary Miller

Susan Avery

"Gary is a consummate professional with a proven track record of driving increased operational quality and cost structure improvements," says Joseph M. Gingo, Chairman, President and Chief Executive Officer. "He will play a critical role in restoring A. Schulman's operational and financial performance worldwide.” Miller will report to him. Read More

Fleet Sourcing: Evaluating Light Fleet Automobile Manufacturers

Source One Management Services

Whether supporting your sales department or the delivery of your products, a well-equipped and well-managed commercial fleet department is crucial to a well-oiled (pun intended) company. However, sourcing fleet components can be a daunting task. With volatile cost components like fuel, and varying maintenance labor rates, finding savings opportunities while maintaining program consistency can be challenging. Read More

CPOs to Share Best Practices at ProcureCon Indirect West

Susan Avery

What’s new in indirect procurement? Procurement leaders will have an opportunity to learn the latest from their peers and others at ProcureCon Indirect West on September 19-21 in Scottsdale, Arizona. Read More

What Ails Your Pharmaceutical Global Supply Chain? Get It Back on Track!

Guest Editor

You can’t ignore the challenges in a global supply chain, but there have been significant changes that can help overcome those that plague the pharma industry. An efficient supply chain management which utilizes modern technology plays a vital role in streamlining the entire process, as well as solving these challenges. Read More

Startups, Procurement and Product Design: a Lesson for Competitors

Guest Editor

My recent engagements with startups demonstrate that product development is at a new level, where procurement involvement occurs in the product strategy phase—a planning step even before the actual development process. This helps these companies to launch successful new products and versions at lightning speed since there are almost no feasibility constraints in the development process later. Read More

Six Essential Elements of a Winning Global Procurement Strategy

Guest Editor

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

Average Supplier Leadtime in Days for Purchased Materials

APQC

Although supplier leadtimes can vary somewhat based on the material being purchased and the distance of the supplier, longer leadtimes can force organizations to carry higher levels of inventory and increase inventory carrying cost. APQC has found that one strategy associated with shorter supplier leadtimes is to make a concerted effort to reduce the amount of maverick purchasing Read More

Going One Step Beyond Supplier Consolidation

Beroe Inc.

Supplier consolidation facilitates volume consolidation and enables higher bargaining power for the buyers. It also reduces the administration costs for the buyer as they have to manage fewer suppliers. This ultimately generates more time for procurement department to address critical issues of the procurement strategy. Though supplier consolidation generates a lot of benefits, it also raises few concerns among category managers Read More

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