• 3M Procurement Leader: Sourcing Efficient and Engine for Growth

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    3M Procurement Leader: Sourcing Efficient and Engine for Growth

    Sourcing has to have a holistic view of the business and understand how the relationship with the supplier will differentiate our products and give us a competitive advantage,” says Jose Varela, Vice President, Sourcing Operations at 3M.

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  • Blockchain: A Shared Ledger to Rid Waste from the Supply Chain

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  • Why Professional Development is So Important to Procurement

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Latest Articles

Procurement: Are You Leaving Money on the Table?

Guest Editor

Nobody likes to waste, especially when it’s something we value. Whether it’s time, energy or a good meal, we like to get the most bang for our buck. If you’re stuck in a two-hour, Read More

“Busyness” Isn’t a Measure of Procurement Value

Jim Baehr

It’s good to be busy. Right? Procurement professionals often get caught up in the activities of the day – ordering, expediting, billing and Read More

Business Process Outsourcing and the Role of Procurement

Guest Editor

Today, outsourcing is no longer a buyer-vendor relationship but a long-term partnership that is more than just cost-cutting. It helps bring about better business outcomes by leveraging high-end technology and other expert capabilities from the vendor. Thus, there’s been a shift from Business Process Outsourcing to Business Process Management. This shift has brought about a change in attitude where the end goal is to not negotiate the lowest prices, but create a win-win situation for the partners. Read More

EPIC Awards Salute the Year’s Best in Procurement

Susan Avery

The Excellence in Purchasing Indirect Categories (EPIC) Awards is a collaboration of ProcureCon and My Purchasing Center to recognize professional achievement in procurement of complex categories such as human resources, marketing, travel, legal, professional services and many others. Read More

Latest Podcast Episodes

Buy Local and the Supply Chain: What Procurement Can Do

My Purchasing talks to Peter Cook, Vice President of Procurement and Supply Chain at The Smart Cube, about the rise of nationalism and how it could affect the supply chain. As he sees it, buying local may raise cost and could be “the catalyst that accelerates innovation” leading to more automation of internal processes as procurement leaders look at where and how they source. He offers tips for going forward.

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World Price of Crude Oil Volatile: How Buyers Can Manage

Ian Buchanan, Lead Procurement Research Analyst with IBISWorld, discusses the world price of crude oil in this inteview with My Purchasing Center. In it, he first examines current prices, which have been on a downward trend, then looks at where prices are heading over the next five years. Supply and demand will come into balance, he says, putting upward pressure on prices. To close, Buchanan offers buyers suggestions for managing the coming price volatility.

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Latest Videos

What is a Reverse Auction?

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.

Latest Blog Posts

Professionals, Professionalism and Procurement

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Jim Baehr
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This isn’t intended to be an admonishment; however, in conversations with sales types, they continually express vexation with procurement professionals. Maybe this isn’t new. Maybe this is an age-old problem. One thing for certain is that “collaborative re… Read More

Make No Mistake: Trying Something New in MRO is Worth the Risk

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George E. Krauter
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Keeping the status quo is safe, especially when change is considered radical, aka MRO outsourcing. Are the benefits of change worth the risk? How would you know if you do not investigate the potentials? As Albert Einstein said, You can’t make a mistake if … Read More

Emotional Intelligence in Negotiations

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Tom DePaoli
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Purchasing and supply chain professionals must be aware of and strive to improve their emotional intelligence. A definition of emotional intelligence is the capacity to be aware of, control and express one's emotions and to handle interpersonal relationsh… Read More

Five Ways to Drive Value through Cost Avoidance in Procurement

Photo of David S. Yin

David S. Yin
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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… Read More

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Supplier Profiles

Lunney Advisory Group

Lunney Advisory Group was founded in 2007. Our firm is not your typical consulting company. Some members of our firm are highly qualified and experienced industry executives/practitioners while others are full time or adjunct university professors.… Read More

Digi-Key

It started in 1972 with an idea, a new concept in distribution. Today, Digi-Key Corporation is one of the fastest-growing electronic component distributors in the World. The stimulus for this growth is Digi-Key's customer-centered business philosophy… Read More

Sourcing Strategies Group

The Sourcing Strategies Group (SSG) was founded on the basis of being able to assemble the experience and expertise that can help Supply Management organizations achieve new levels of effectiveness, and value creation. Read More

Sponsored Articles

Must Have Information for Every Strategic Sourcing Manager

As we move into a 2016, it’s a safe prediction that buzzwords will continue to dominate the business world. 'Strategic sourcing' is one buzzword that has permeated the procurement function for the past 20 years, but is often hard to describe. Almost every large procurement organization claims to be …

Do "Preferred Customers" Really Receive Better Pricing and Service?

Anecdotal evidence and some qualitative research suggests that "favored shippers" - companies for which carriers prefer to haul freight - obtain better pricing and service. But do they? In this paper, Iowa State University researchers explain: How they sought to understand the voice of U.S. truck…

Procurement Party like 1999

A comprehensive study done by AT Kearney in late 2014 showed that 75 percent of procurement organizations have not improved their productivity since 2011. This seems hard to believe given procurement’s constant push for efficiency gains, declining commodity prices, and the rise of technology designe…

Top Metrics for Measuring Procurement Performance

Tamr and My Purchasing Center are partnering to bring you some of the best information published on procurement performance metrics in a new guide. We selected these articles so you can benchmark what you’re doing at your company with what procurement experts are advising.