The US Labor Department reported in March of this year that there were 6.6 million job openings, a record high. Although most of us applaud these numbers Read More
Among the dizzying array of new technologies that are reshaping business today, blockchain is among the most mysterious and intriguing. The theory behind blockchain... Read More
The history of interaction between the Chief Procurement Officer (CPO) and the Chief Financial Officer (CFO) has, until now, been fairly predictable. The relationship can be Read More
Advancements in software and artificial intelligence have expanded both the number of activities that can be automated and the degree to which automation of tasks is possible. According to a 2017 McKinsey study, Read More
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".
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.
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
Today’s supply chain skills are invaluable to tomorrow’s leaders. As Procurement becomes more strategic—and critical to the success of world-class companies—its image is evolving. All the challenges and opportunities that come with managing the supply chain--especially on the indirect side--now make…
Top industry analysts provide valuable insight on pricing, availability, and production of key global commodities for the coming year. Get the inside track on projected price increases, pricing volatility, and commodity availability that could significantly impact your company’s operations in the ye…
Safety must be a top priority in any workplace. As an employer, it is your responsibility to manage and maintain a safe and healthy workplace for your employees and visitors. However, managing compliance, keeping OSHA logs and documenting audits for the work environment can be cumbersome tasks. With…
New approaches to outsourcing are helping shippers drive down costs in the short term and build smarter, stronger supply chains for the long term. This white paper introduces some of the new thinking that is shaping today’s most successful transportation outsourcing models.