Shippers spend an average of 54% of total logistics expenditures on transportation and large manufacturing and distribution companies will have multiple shipments through multiple carriers in a day. Managing freight audit and bill payments are key challenges in today’s business scenario. Read More
While rising raw material costs push up steel prices, market watchers suggest buyers not make big purchasing commitments heading into 2017. “Steel buyers do not want to lock in for more than six months because prices should start coming down in the second quarter of 2017,” says John Anton, Director, Steel Analytics, Pricing & Purchasing, at IHS Markit. Read More
As per staffing industry analysts, temporary labour features among the top three high-spend categories among 60% of Fortune 500 companies. The role of procurement has never been more important to manage this significant spend which can spill over $1billion. Read More
Source One Management Services
Fleet Management Companies (FMC) provide a spectrum of outsourced fleet-related services from asset management to vehicle remarketing to consultative services and everything in between. This post will focus on commonly purchased light fleet services for your standard sedan-centered fleets. Read More
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.
In this 60-minute training video session given by Rod Sherkin, President of ProPurchaser, you will learn how to work more constructively with suppliers to drive down costs together, while strengthening your supply chain.
In part 4 of the Source One video series, Kathleen Jordan completes the discussion on marketing and sourcing with a case study that demonstrates how sourcing can benefit from partnering with a consulting firm to address marketing’s needs.
Office Depot recently recognized 22 organizations for leadership in greener purchasing, including Eastman which received a special award for supply chain innovation. In this interview with My Purchasing Center, Molly Ray, Senior Manager of Sustainability at Office Depot, describes the program and what it takes to earn the honor. Eastman reduced the carbon footprint of its paper delivery. Ray also offers tips for procurement teams to help encourage greener supply chains.
After remaining low for much of the time since the financial crisis of 2008, steel prices started to rise in the second half of 2016, Mark Seraydarian, an analyst with IBISWorld tells My Purchasing Center. Several factors play a role: China, tariffs and demand. Seraydarian explains and offers suggestions for buyers going forward. This podcast is one in a new series on commodity and category markets with IBISWorld analysts.
Sourcing and procurement organizations need well-trained professionals to handle the onslaught of expectations coming their way. Cutting budgets for sourcing training may be the very essence of “pennywise and pound foolish.” A well-trained, skillful sourci… Read More
Ana Sofia Gomez
Since 2013, when reform opportunities began, it is still a challenge for organizations, especially procurement, to understand and evaluate the market mechanisms and options available to source energy and potential new suppliers emerging that seek to offer … Read More
George E. Krauter
In most cases, the MRO buyer will see 3PMRO as a process that will eliminate the buyer’s job. In the real MRO world, the MRO buyer is elevated to a higher level of supervision via managing this new process (3PMRO) that has provided new channels of profitab… Read More
Companies need all the procurement savvy they can muster to navigate through these trying times. Are you, as professionals, up to the task? Read More
Staples Advantage is the one supplier that offers all the business solutions you need, all with the expertise of a specialty vendor. Read More
The work and purpose of the Purchasing Management Association of Boston today reflect the early intentions of its founders to "create acquaintance and foster the exchange of knowledge." Read More
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…
Abstract: Understanding what can happen at the U.S.-Mexico border with your truckload shipments could impact the decisions you make—and whether or not you will actually get what you pay for. By reviewing the process and your options, you will be able to develop better, more efficient strategies to …
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.
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 …