Procurement

Procurement

Don't Get Distracted By Counting the Pennies

December 11, 2014

In early November 2014, Staples Advantage (Staples' B2B operation) announced the results of a study they conducted regarding the role of telecommuters in the procurement process. They concluded that this small but growing portion of the workforce is not being properly incorporated in terms of their spend, adherence to...Read More

Procurement

Corrugated Price Forecast for 2015

December 4, 2014

The past year was a welcome one for buyers of containerboard and corrugated packaging as prices returned to relative calm and inventories were flush. Expect much the same in the coming year, according to analysts, as economic conditions continue to improve and manufacturers tap into growing demand in the food,...Read More

Procurement

Procurement Is an Ever-Evolving Function

November 26, 2014

The DNA of purchasing professionals is changing. There is paradigm shift happening at most companies and procurement is being seen as a strategic function. Not only has the focus shifted to standardization and managing suppliers relationships, there has been growing demand of category-specific value add that...Read More

Procurement

Buyer's Market to Continue in 2015 with Growing U.S. Economy

November 20, 2014

Heading into 2015, procurement and supply leaders can feel good about the economy and commodity prices. That's the word from the IHS executives and analysts who led presentations at the IHS Pricing & Purchasing Summit held recently in Washington, D.C. More than 150 procurement and supply leaders attended the event...Read More

Procurement

In Risk Management, Small Oversight Can Equal Big Impact

November 13, 2014

Oftentimes we are so focused on analyzing those things that can go wrong in production that we forget about the impact from the more indirect problems that can be just as crucial as missing a delivery date. In today's world, regulations are such a large part of doing business that companies of all sizes, from small...Read More

Procurement

Supplier Consolidation, Versus Rationalization, Leads to Stronger Supply Chains

November 6, 2014

Recently, Mahindra and Mahindra Ltd., India's largest utility vehicle and tractor maker, announced plans to reduce its supply base by 10 percent a year for the next five years. We see this type of supplier consolidation happening more and more among discrete manufacturers, especially within the automotive...Read More

Procurement

Mining for Savings: Sourcing Takes Team Approach

November 6, 2014

An economic downturn brings out the worst in some companies. They beat up suppliers to slash prices or delay payments, damaging valuable relationships. A downturn can bring out the best, too. These companies take a good, hard look at current purchasing practices and put in place the people and processes that help...Read More