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 this series of video clips, Source One’s Kathleen Jordan looks at benefits sourcing can provide to marketing professionals to help alleviate challenges and burdens that marketing tends to face when overseeing agency relationships and managing significant budgets. Part 1 identifies trends in the sourcing and marketing relationship.
Part 2 of the Source One video series examines the elements needed to build a successful relationship between sourcing and marketing. One important point Kathleen Jordan makes is that sourcing needs to communicate that it wants to help marketing by optimizing its budget, not cutting it.
In part 3, Kathleen Jordan at Source One describes how sourcing can support marketing during its agency review process. She provides best practices for the two to use when conducting an agency search.
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.
In a presentation to supply chain graduate students at Rutgers University, Lindsey Fandozzi, Director, Supply Chain at Source One Management Services, describes challenges procurement faces when sourcing indirect spend categories. Using a case study of Apple as illustration, she shares key points with My Purchasing Center.
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.
Managing talent was a hot topic among supply managers attending ISM2014--even on the show floor! At the BravoSolution booth, Mickey North Rizza shared some valuable tips for procurement that could help generate revenue for the business.
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.
Not able to attend the ISM conference this year? My Purchasing Center met with exhibitors like Jim Brozny of Fieldglass at the show where he demonstrated an application that helps automate the procurement process for non-employee workers.
What's happening on the show floor at the ISM conference? My Purchasing Center interviews Adam Stewart of exhibitor SciQuest on the company's source-to-settle solution and its new user interface. He calls it "simple and sleek".
Bill Michels of ISM, ADR North America and ISM-ADR China talks to My Purchasing Center about innovation and something few in procurement are preparing for--succession planning. What will companies do when Baby Boomers retire?
What is Procurement to do with Big Data? D&B's Sakti Kunz and Jim Lawton respond to this question and others for My Purchasing Center. The two discuss D&B's new offerings that help manage risk including the Supplier Evaluation Risk (SER) rating.
My Purchasing Center talks to Bob McInturff, President and CEO of McInturff & Associates, recruiters for supply chain, operations & procurement, in Natick, Mass., about the job outlook, industries that are hiring and skills employers are seeking.
Looking for a job in procurement? My Purchasing Center continues our talk with Bob McInturff, President and CEO of McInturff & Associates, recruiters for supply chain, operations and procurement, with five simple things you can do to keep yourself current.
The Hackett Group's Chris Sawchuk sits with My Purchasing Center to discuss procurement's evolving value amid uncertainty, new priorities (contributing to innovation and revenue generation) and outsourcing to build new capabilities.
Deb Oler, Vice President and General Manager, Grainger Brand, talks to My Purchasing Center about inventory management and the company's vending solutions, keeping facilities safe--and the gnarly products MRO procurement teams bring to the branches.
Ashley Ellsworth, Associate Sourcing Manager at Amway, and Grainger's Michael Dunleavy and Kathie Dodson, talk to My Purchasing Center about their partnership and the benefits of implementing Grainger KeepStock vending solutions.
Are your Purchasing Card (P-Card) policies and procedures (P&P) helping or hurting your program? How do you know? Repeated cardholder questions and compliance issues are two signs that your P&P are due for a reassessment. Subsequent revitalization of the P&P can cure these ailments and provide the necessary structure for program growth
Could list prices be a thing of the past? The list price is also known as the “original price” or the “manufacturer’s suggested retail price.” List prices are typically higher than the prices of the goods listed and the user sees the difference in the form of savings before they make the purchase. The purpose of showing a list price and a much lower “our price” is to impress
Workers' organizational skills may be holding them back in their careers. That's the finding of a new survey by OfficeMax.
In one hour, the webcast attendees learned how a peer, Steve Simpson, Project Acquisition Manager at the Jet Propulsion Laboratory (JPL), put together a requirements list, went through a supplier selection process, and is now realizing benefits of a paperless contracting, including hard and soft cost savings.
We’ve long been supporters of procurement practitioners, particularly at manufacturing companies, increasing spending with diversity suppliers. We find especially interesting stories of procurement teams that along the way help to develop capabilities of innovative small businesses owned by a members of minority group, women or veterans. So, when the team at ThomasNet.com, a regular contributor to My Purchasing Center, asked if we’d be interested in seeing a demonstration of its Supplier Diversity Application, we agreed.
Most purchasing professionals have never heard of appreciative inquiry. It is a systematic discovery process to search for what is best or positive in an organization or its strengths. These strengths are then improved upon to create an even stronger and more dynamic organization. Implementing change remains positive and thus springs from an organization’s strengths, not its weaknesses, or deficiencies.
The procurement function plays an important role in developing an organization’s image. Procurement, together with Sales, is responsible for most of an organization’s contacts with the business community. The manner in which the strategic sourcing process is defined and managed is probably the most significant factor in shaping how the supply base views your organization.
Manufacturers of MRO products that sell via distributors produce products and arrive at their standard cost of goods. They then follow varying pricing policies to these authorized distributors. For example, there are different list prices for different markets, i.e. the Automotive-After-Market has a different listing
As you can see from the list, visitors to My Purchasing Center were most interested in articles on salary and career topics in 2011. They also read articles on MRO and indirect procurement, risk management, negotiations, ethics and e-sourcing
I am on several of search committees for my college and was recently appointed to chair a critical one for a position in my department. As a hiring manager for many years, I find the process reasonably enjoyable and a solid exercise of my analytical, communication, collaborative, and negotiation skills. Yes…these committees are that complicated!
Software – Diagnostics: Loop-Pro Tuner from Control Station is PID tuning software that accurately models oscillatory and noisy process data, and supports Logix-based programmable automation controllers (PAC) and MicroLogix controller algorithms from Rockwell Automation. This is a Control Engineering 2012 Engineers’ Choice finalist.
Over the past several weeks I have been discussing leadership, talent management and career development from the corporate perspective of an employer. As a job seeker, here are some ways to put yourself at the top of the list
Always popular, top 10 lists are quick and easy ways to communicate information. The supply chain operating network for the process industries, Elemica, recently came out with its own--a list of 10 top initiatives for building a better supply chain.
Many organizations find that by reducing the number of suppliers they deal with on a regular basis, they can leverage quantity and use volume buys to reduce leadtimes and costs. They can also free up FTEs to focus on more strategic functions, such as supplier assessment.
It is my pet peeve when I see teams or committees take six weeks to attend various meetings to come up with a list of ideas, and a year later they are still at it! Supposedly, they summarize the list, and then they fall short in execution and implementation, resulting in frustration for not achieving the expected outcomes by the members of the team and management.