The first presidential debate was one for the history books to say the least, much like the entire 2016 presidential election. Both candidates get points for showmanship certainly, but if you think it was more entertaining than informative, don’t put down your popcorn just yet. Whether it’s third-party, vendor, or supplier risk you’re managing, here’s a list of the five lessons risk managers can learn from the event. Read More
How does procurement identify supplier risk if resources are limited? How do we track performance at mitigating risk? How do we get stakeholders to understand the value of managing risk? A panel of risk experts helped procurement and supply management professionals think through responses to these questions and others at the September member meeting of ISM-Greater Boston in Concord, Mass., recently. Read More
The scene: You, your mobile phone and a message. You finally hear back from the procurement recruiter and the interview date is confirmed. “Great!” you tell yourself. “We are finally moving forward.” Then you download the interview schedule and suddenly more than 25 names and their assigned teams stream past. Your first thoughts are Read More
A group purchasing organization (GPO) is a well-known buzzword in the healthcare and government industries. Do you know that using one in your business could translate into thousands of dollars of savings on the supplies and resources you use every day? 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.
Nikita Saharia Chaturvedi speaks with Gabe Perez, Vice President of Strategy and Market Development at Coupa Software, and Procurious Boot Camp Coach, on the topic of his training session, “Incubate Your Big Ideas on the Job.” With Chaturvedi, he discusses how procurement can help meet strategic priorities and how big ideas make a positive impact. One he dives into involves procurement helping sales with negotiations.
Lloyd Alexander, Vice President of Contract Strategy at Seal Software, discusses procurement’s role and growing influence with Nikita Saharia Chaturvedi. Take mergers and acquisitions, for example. Procurement may be called upon to assimilate thousands of supplier contracts. “The key success factor for achieving this is based on procurement knowing exactly what relationships the organization has to maximize terms from a financial standpoint, while minimizing risk,” he says.
Highways do not intimidate me. I’d much rather be in a line of trucks than just about with anyone else out on the interstate. But these days my highway reference point is shifting. Perhaps the chronic driver shortage has impacted the natural selection of d… 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 Strate… Read More
Don’t take a supplier’s analysis for granted. If they are telling you a price increase will have a negligible difference, do your own research before committing to anything. Understand exactly how it will affect your bottom line to avoid any surprises down… Read More
A next best area for managing total cost in the supply chain is Supply Relationship Management (SRM). This is especially true for supply management groups accomplished in strategic sourcing. Both the customer and buyer demonstrate an understanding that th… 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
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 …
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…