The practice of using certified vendors helps organizations mitigate risk by using audits and review processes to increase the likelihood that purchases will meet critical requirements. APQC’s research has revealed that, when working with certified vendors, top performers regularly evaluate supplier capacity and capability to ensure a good match to requirements. Read More
While most Fortune 500 companies have started procuring managed print services worldwide, enterprises have little visibility of best practices and negotiation methodologies followed during the procurement process. Managed print services have evolved from a simple CPP (cost per page model) to different models like Base + Click and Base + Consumables. Read More
These companies failed to understand their products’ total cost of ownership (TCO) before making strategic sourcing decisions. "All too often the people responsible will calculate the easy things like shipping rates, labor and material costs, and say, ‘Oh, wow. It’s cheaper over there.’ Unfortunately, the things they overlooked Read More
Despite what procurement and supply management professionals are hearing this political season, the U.S. economy is doing well. That’s the word from Jeffrey B. Carr, President and Economist at EPR in Williston, Vermont, speaking recently to attendees at the New England Supply Chain Conference (NESCON) at the Best Western Royal Plaza Hotel and Trade Center in Marlborough, Mass. 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.
My Purchasing Center’s Nikita Saharia Chaturvedi talks to Jared Smith, Co-Founder of Avetta, about risk companies incur when doing business with contractors. Using the film Deepwater Horizon as backdrop, Smith addresses the trend toward outsourcing and the risks of contractors working together to accomplish a common goal. He offers tips for procurement teams to use to vet contractors.
The National Retail Federation is forecasting a busy holiday shopping season. My Purchasing Center talks to Randy Swart, COO at A. Duie Pyle, a transportation and logistics provider in the Northeast, about what that means for shippers. Carriers have to contend with congested roadways and inclement weather as they get products to store shelves on time. Swart has helpful tips: “It’s all about the relationship,” he says.
Even if your budget or space don’t allow for big-time perks such as a gym, you should be giving your employees something on the job. Everyone likes something for free, and coffee provides many benefits beyond that. As one of the most widely consumed bevera… Read More
What do suppliers think of Supplier Relationship Management? It became painfully apparent that the Sales contingent in the audience wasn’t buying into the purpose and value of SRM. “It doesn’t work.” “It’s not what the Purchasing people do.” The harshest … 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 b… Read More
George E. Krauter
In a recent Uptime magazine editorial, Terry O’Hanlon stated, “To know about being up at bat in a major league baseball game is very different than experiencing being at bat in a major league baseball game.” May I say that knowing about MRO management is a… 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
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
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…
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 …
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 …