Despite the increased digitization of many business functions, the contract management function has lagged behind at many organizations. Read More
The way that most companies are deploying their source-to-pay process is changing. While large organizations tend to push towards end-to-end automation of the process, mid-market and smaller organizations are still faced with a significant mix of automated and manual processes. Even for the large players, the source-to-pay process has been automated over time Read More
ProcureCon Direct - Need to update yourself on the future of direct procurement and the impact of incoming millennials on your industry? Read More
Management of corporate maintenance, repair and operations (MRO) requires the tracking of thousands of SKUs and the generation of many transactions that are of low dollar value in nature. In most organizations, MRO spending amounts to less than 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.
George E. Krauter
“5 S” (sort, set in order, shine, standardize and sustain) is a system of organization that increases the likelihood that production will occur exactly as planned. 5 S approaches are designed to keep the workplace safe and productive; the concept contends … Read More
George E. Krauter
Companies are always looking for ways to reduce costs; simplification of business procedures can have a direct impact on a company’s bottom line. The process of purchasing, receiving and paying for MRO parts produces Read More
George E. Krauter
In the world of MRO operations, even with multiple attempts to change, improve, increase reliability, the status quo in most plants seems to prevail. Read More
Procurement organizations need to call on their suppliers to increase IT security to mitigate risks against cyber threats. Working with suppliers that take IT security into heavy consideration will be critical 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
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.
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 …
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…