The International Organization for Standardization has recently released ISO 20400, a standard for sustainable procurement. It provides guidelines that can lead to improved Read More
The structure of a Procurement Department within an organization can dramatically impact the effectiveness of the sourcing and purchasing activities. Over the years, more companies have made the transition to Read More
Changes in the retail industry have been well documented in the news lately with both online and traditional “brick and mortar” retailers seemingly moving in opposite directions. On one end, the on-line retailers, led by firms like Amazon, have experienced robust growth, Read More
“World class” is a term used across many industries to describe organizations that are perceived by customers and industry-experts as being among the best of the best. Some organizations loosely proclaim themselves “world class” in their advertising, but is there a way Read More
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.
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.
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.
Many organizations make huge investments in disciplined approaches to problem solving like Lean, Lean Six Sigma and Kaizens, which are labeled as “continuous improvement”. Read More
George E. Krauter
Looking back at the year that has just flown by, procurement managers have much to be proud of…and some challenges to be frustrated about. One area of concern is MRO. On average Read More
George E. Krauter
OEM’s publish data that directs the users of their products on how to maintain those products; however, many do not have the experience of actually maintaining the equipment they have sold. Read More
George E. Krauter
Total spend in manufacturing facilities can be placed into three categories: materials for production; projects for capital investments; and parts and services for indirect expenditures. Although there seems to be a dearth of information regarding percenta… 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
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
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 …
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…
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.