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.
The 2014 Earned Value Promotion registration deadline is fast approaching. Monday, March 31st will be the last day that mailers interested in participating will be able to register. Mailers can register via the Business Customer Gateway (http://gateway.usps.com).
Wade Lyons, Vice President, Procurement, Teleperformance USA Group, tells My Purchasing Center about his company's strategy for indirect sourcing.
Historically, many procurement departments have struggled with measuring their performance or have only focused on measuring purchase cost reductions. But in these difficult economic times, procurement professionals must provide value to their companies beyond cost reduction. Additionally, they need a way to demonstrate and maximize this value. Enter procurement scorecards.