You’ve heard the term blockchain. What does it mean? How does it work? How can companies use the technology to help make their supply chains more efficient and cost effective? And what does it all mean for procurement leaders? To get the answers to these questions, My Purchasing Center met up with Brigid McDermott, Vice President of Block Chain Business Development at IBM. Read More
Looking to source an Intelligent Virtual Assistant? Procurement teams should choose based on a balanced assessment of internal requirements and solution capabilities. Read More
Concerned about data protection? How can IT procurement ensure data security and reduce cyber risk for your organisation? Read More
My company, Flash Global, purchased “new” hard drives from one of the largest IT distributors in the world as part of a test. All of the drives were labeled as "new," but all were actually used equipment. One drive had more than 26,000 hours of powered-up time. Read More
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".
David S. Yin
Procurement, like any other corporate function, is valued by its contribution to the company’s bottom line. In recent years, procurement has gained greater prominence as companies emphasize cost-cutting as a principal way of improving margins. However, the value that procurement brings is much more than just a function of balance sheet cost savings, which is often overlooked by CFOs and others Read More
According to new benchmarking research by The Hackett Group, world-class procurement organizations have lower operating costs and operate with smaller teams while generating more than twice the return on investment than typical companies. Still, they must find new ways to continue to add value. Read More
Harnessing the power of big data is leading to greater opportunities for companies to predict market trends, spending, consumer behavior and supply chain needs. This type of data mining is known as predictive analytics, and it can change the way you make business decisions. Read More
Nikita Saharia Chaturvedi
“Procurement is not only being asked to find new and creative ways to drive improvements to the corporate bottom line, but also to help manage the growing risk that can negatively impact the company,” says Lloyd Alexander, Vice President of Contract Strategy at Seal Software in a podcast interview at My Purchasing Center. Read More
We live in a volatile world where uncertainty has become the norm and supply chains are going global, which means that the potential for supply disruption has grown exponentially. As the Chief Procurement Officer, it’s not only your job to drive as much cost out of the business as possible, it’s als…
Let’s call 2020 the Year of the Category Manager. By then, more companies will turn to these leaders in Procurement for their expertise at developing corporate strategy—and those with skilled Category Managers on their teams will have an edge on the competition. That’s the thinking of the CPOs, P…
Graduate students at the MIT Center for Transportation & Logistics used actual shipment data to develop a more accurate methodology for calculating Less Than Truckload (LTL) carbon emissions.
It is undeniable: smart procurement saves organizations money. But the question is: how much money? Does the average procurement professional with “high” skill levels save $10,000 (US) per year more than the average procurement professional with “low” skill levels? $100,000? A million dollars or mo…