Businesses and government organizations of all sizes revolve around contracts that require signatures and approvals. The irony is that though most contract and procurement processes are created in digital format, they are then printed to paper for signatu…
How is your procurement and sourcing operation performing? Are you sure? According to Ardent Partners, nine of 10 CPOs believe their teams could be doing better. And while every procurement leader wants to improve their group’s performance, it’s important…
This My Purchasing Center webcast introduces the procurement and supply management professionals selected as finalists for the 2015 Excellence in Purchasing Indirect Categories (EPIC) Team Award. The EPIC Awards, a collaboration of My Purchasing Center an…
Work is changing. More employees are setting up offices in their homes and telecommuting. You’ve developed a sourcing strategy for the things they need--office supplies, technology products
At too many organizations, contract management is seen as an obligation or worse – an obstacle – to sales and finance. In this challenging business environment, business can no longer afford to be complacent with their contracts and contract processes.
In this video, K2 Sourcing provides perspective on reverse auctions for procurement. If you take one thing away from this presentation, it is that a reverse auction is one of many tools to help automate the strategic sourcing and, ultimately, the category management process.
In this 60-minute training video session given by Rod Sherkin, President of ProPurchaser, you will learn how to work more constructively with suppliers to drive down costs together, while strengthening your supply chain.
In part 4 of the Source One video series, Kathleen Jordan completes the discussion on marketing and sourcing with a case study that demonstrates how sourcing can benefit from partnering with a consulting firm to address marketing’s needs.
My Purchasing talks to Peter Cook, Vice President of Procurement and Supply Chain at The Smart Cube, about the rise of nationalism and how it could affect the supply chain. As he sees it, buying local may raise cost and could be “the catalyst that accelerates innovation” leading to more automation of internal processes as procurement leaders look at where and how they source. He offers tips for going forward.
Ian Buchanan, Lead Procurement Research Analyst with IBISWorld, discusses the world price of crude oil in this inteview with My Purchasing Center. In it, he first examines current prices, which have been on a downward trend, then looks at where prices are heading over the next five years. Supply and demand will come into balance, he says, putting upward pressure on prices. To close, Buchanan offers buyers suggestions for managing the coming price volatility.
Steve Tracey, Executive Director of the Penn State Smeal College of Business Center for Supply Chain Research, discusses a study on MRO best practices that’s on the agenda of an SDI Innovation Symposium on March 1, 2017. While having best-in-class MRO tools and procure-to-pay and inventory management processes are important, the key to success is people. “Companies with internal expertise or who shopped it out to experts fall into the leader category,” Tracey says. “If you have competent and trained people, you are ahead of the curve. If not, you have a choice.”
On January 25, 2017, Roadrunner Transportation Systems, Inc. announced that its Global Solutions segment officially rebranded to Ascent Global Logistics. Ascent Global Logistics provides professional domestic freight management, international freight forwarding and retail consolidation services. In this interview, Bill Goodgion, President of Ascent Global Logistics, provides details and addresses the industry’s big challenges.
The Institute for Supply Management recently announced that General Colin L. Powell USA (Ret.) and former UK Prime Minister David Cameron will serve as keynote speakers at ISM2017 on May 21-24 in Orlando. In this interview, ISM’s M.L. Peck previews the event with Nikita Saharia Chaturvedi. The agenda, Peck says, is generating a lot of excitement. “Our members are thrilled with our line up of speakers that includes executives from Google, Toyota and Pfizer, among other companies.”
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Supply chain managers are facing tough challenges today—tougher than perhaps at any other time in history. The recent “great recession” and its lingering effects, political turmoil in many regions of the world, a slew of recent natural disasters, and lightning-speed changes in technology that have fundamentally altered the way we do business have all collided to place new pressures on procurement managers, supply chain executives and logistics personnel alike.
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.
Procurement: Don’t walk by that MRO storeroom! So says George Krauter, Vice President, Storeroom Solutions, on the show floor at ISM2014. In an interview with My Purchasing Center, Krauter suggests ways for procurement to add value to their organizations.