Scott S. Vrablik, Vice President, Supply Chain Americas at Rexam Plastic Packaging, is a Grainger customer. It's his first time at the show. He's visiting suppliers and has found ideas on electricity conservation to take back to the office with him.
The current usage of procurement analytics is nascent as executives use the inputs for managing suppliers and supplies but it is expected to evolve to impact important business strategies.
Procurement can quickly get this strategy off the ground by using historic data on hand as a benchmark for consultant bids during the RFP process. In addition to potential hard-dollar savings from consolidating the category and the sourcing process, procurement teams should consider soft-dollar savings as well
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