Supply Chain

Supply Chain

Open Innovation: Procurement Is a Partner to the Process

Credit: Stuart Miles at FreeDigitalPhotos.net Innovation. Encouraging the procurement team and the supply chain to be more innovative is a hot topic. We hear about it at conferences, meetings, and other events, often during discussions on SRM (supplier relationship management) and ways procurement can add value to the organization beyond reducing cost. Recently My Purchasing Center spoke with...

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Supply Chain

Kellogg's: Rise and Shine for Sustainable Sourcing

Many companies have caught the green fever and are aiming to set sustainability goals in a wide range of areas within their supply chains. Whether it is reevaluating transportation to use more fuel-efficient vehicles or choosing environmentally friendly manufacturing alternatives, companies are recognizing that sustainable business practice is a valuable asset for many reasons. Reinforcement in...

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Supply Chain

Imports, Flat Demand Could Keep 2015 Paper Prices Down

Credit: akeeris at FreeDigitalPhotos.netTo understand how well paper is doing as a commodity, consider one of the oldest, most venerable of all American institutions: the U.S. Postal Service (USPS). At the height of its distribution heyday - 2001, precisely - USPS handled and delivered nearly 104 billion first-class letters. Just 12 years later, that number plunged by nearly 50 percent - to 66...

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Supply Chain

Recycled Material, Recovery Drive Paper Packaging Market

Credit: tigger11th at FreeDigitalPhotos.net Within the recycled materials market, paper packaging is the largest segment, accounting for around 65 percent of all recycled packaging. Paper and paperboard also have the highest recycling rates worldwide (with the exception of glass in some countries). Demand for paper packaging will continue to grow, due to the manufacturing economies of China and...

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Supply Chain

Balancing Act: Managing Low Cost Versus Quality, Supply Risk

Credit: kittisak at FreeDigitalPhotos.net Having crossed the financial-year midpoint, many companies are taking a close look at the progress they have made on their 2014 performance objectives. If you work in sourcing, procurement, or supply chain, then it is pretty safe to assume that identifying cost savings is going to be near or at the top of that list. After all, the C-suite eats, drinks,...

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Supply Chain

Taking the Lead: The Evolving Role of Procurement in Risk Management

As the world has become increasingly globalized, the operating environment for global businesses has become more volatile and precarious. The global economic climate, increased focus on emerging markets for growth, outsourcing, and expanding regulation have all contributed to increased risk. A study by a leading management consulting firm found that senior executives at seven out of 10 Global...

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Supply Chain

Looking at Spend Analysis Through a Different Prism

Credit: dan at FreeDigitalPhotos.net Procurement is by nature the biggest producer of financial data in most companies. Many believe it could do a better job aggregating and analyzing that data so organizations can not only better understand the best ways to spend and save money but manage compliance and risk in their supply chains. Rosslyn Analytics, a U.K.-based firm, believes that poor data...

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Supply Chain

Can Blanket Purchase Orders Provide Procurement Security?

In a May article for InformationWeek's Government section, former U.S. Transportation Department CIO Nitin Pradhan provided 10 steps to successful strategic sourcing. Included in his list was a recommendation for increased use of blanket purchase agreements (BPAs), also known as blanket purchase orders or standing purchase orders. Although this recommendation was among familiar ones, such as...

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Supply Chain

Compliance Management: Facing Up to the Challenge

Credit: Stuart Miles at FreeDigitalPhotos.net Supply professionals are challenged today to manage compliance throughout their supply chains. In many instances, they own responsibility, and in others they share compliance management requirements with other supply chain stakeholders. There is a number of organizational compliance demands that are both internal and external and may include:...

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Supply Chain

Why Vendor-Managed Inventory Programs Are Worth It

Often within the maintenance, repair, and operations (MRO) space, inventory management is a recurring and commonplace issue. In many cases, companies are operating purely on a tactical basis. As parts run out, the buyer reorders. Even worse, when a part that is needed to maintain facility operations runs out, the buyer or warehouse manager has to halt production while attempting to obtain it....

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