Purchasing Articles

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

How 3D Printing can Disrupt Energy Supply Chains in GCC Countries

Guest Editor

The turn of this decade has witnessed an exploding demand in digitization and industrial processes such as 3D printing (3DP) techniques. The adoption rate of these techniques vary across industries and geographies. Industries such as automotive and high-tech have seen very quick adoption levels in new technology, leaving the energy industry relatively slow in embracing this trend. Why is this the case? Read More

Four Guidelines for Suppliers Responding to an RFP

Source One Management Services

Proposal revisions can be a needless back-and-forth battle that is both time-consuming and, at times, even frustrating. So, as a supplier, what can you do to avoid the back and forth of numerous revisions? Here are four guidelines for a supplier to follow before submitting an RFP (Request for Proposal): Read More

The MRO Supply Chain: An Opportunity to Improve

Susan Avery

In his new book, Outsourcing MRO: Finding a Better Way, George Krauter shares with procurement, maintenance and other practitioners his experience working in the MRO industry for the past 50 years. In short, the book presents readers with Krauter’s thinking that change releases the real value of MRO. “Many plant managers and buyers don’t understand MRO because it makes up just 5% or so of their annual budget,” Krauter, a Vice President with Synovos in Radnor, Pa, tells My Purchasing Center. Read More

After Hours: How Businesses Can Navigate New Labor Laws

IBISWorld, Inc.

Procurement and category managers responsible for sourcing business services prepare for cost increases as minimum wages rise in the U.S. Read More

The Reinvention of Procurement

Vantage Partners

Kraljic asks how a company can “...guard against disastrous supply interruptions and cope with the changing economics and new opportunities brought on by new technologies? What capabilities will a profitable international business need to sustain itself in the face of strong protectionist pressures?” Those questions remain top of mind to business leaders grappling with disruptions from natural disasters, rapidly changing technologies, the digitization of business and shifting geo-political alliances. Read More

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