At the 2012 Grainger Show, R. Donovan Baker of Honeywell Safety Products discusses OSHA compliance and cost management with My Purchasing Center's Susan Avery.
Every supplier with significant spend (use the 80/20 rule) should have a formal improvement plan. The plan should be based on a thorough assessment of the supplier’s current capabilities and performance coupled with a benchmarking of the supplier in relation to other competitors in the market on key performance factors such as management, technology, quality, financial strength and innovation.
Procurement traditionally has yearly savings targets. Without hard data and analytics, those targets are essentially based on prior years’ activities and recent competitive sourcing results. Access to data from multiple sources will enable procurement to quickly recognize which current prices (and ultimately targeted savings) are at risk due
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.