Supply Chain

Supply Chain

How to Reduce Your Coding Costs through Generic Replacement Inks

You're a manufacturing organization that has had your new inkjet printer for a little while when messages start appearing telling production it's time to replace the ink cartridges. The sticker shock you experience when you go to place your order with the manufacturer of your printer is felt by many who have had to do the same thing. Buying new ink cartridges is a continuing expense that can be...

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Supply Chain

Look to Non-Traditional Spend As a Source of Competitive Advantage

Credit: artur84 at FreeDigitalPhotos.net In light of economic events of recent years, companies are continuously faced with reducing costs to combat sluggish growth and offset commodity price increases, rising costs of energy and transportation, etc. Despite these pressures and economic instability worldwide, companies must continue to find growth opportunities to compete in the global...

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Supply Chain

Identifying Vulnerability Is Step One to Mitigating Supply Chain Risk

Credit: Stuart Miles at FreeDigitalPhotos.net Supply chains are becoming increasingly complex. Yet many procurement teams are not working to prevent and manage disruptions that could prove costly. "As the supply chain gets longer and involves more players, countries, modes and logistics handoffs, it exposes more potential vulnerabilities," said Thomas L. Tanel, president and CEO of the CATTAN...

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Supply Chain

Everything You Need to Know About C-TPAT and Total Landed Cost

[Editor's Note: This is the second article in an article series covering topics related to total landed cost by contributing writer Marilyn Gettinger. See her first article, Total Landed Cost: Just How Much Is That? According to the U.S. Coast Guard, the United States is served by some 360 commercial ports that provide approximately 3,200 cargo- and passenger-handling facilities. U.S. seaports...

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Supply Chain

Sales and Marketing Sourcing Best Practices [Infographic

As companies work proactively to increase value, mitigate risk, and further identify and develop competitive advantages, procurement and sourcing departments have been brought in to explore and manage spend in categories that have historically been outside their purview. For the first time at many companies, procurement is gaining access to categories like IT, sales, and marketing, each of which...

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Supply Chain

Many Companies Ill-Prepared for Compliance with Conflict Minerals Regulation

With just four short months left before publicly traded electronics component manufacturers doing business in the United States must report to the U.S. federal government any use of so-called conflict minerals sourced from Africa, many global companies are still without a concrete plan for compliance, according to new information gathered by IHS Inc. In a December IHS webinar on the subject,...

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Supply Chain

Is 2014 the Year of Early Payment?

Last year, more than ever before, we saw companies adopt electronic invoicing. One of the items I, and many others, have previously talked about is the perfect synergy between electronic invoicing and early payment. As invoices are received quicker and with fewer errors, they are processed faster - allowing companies to capture almost all existing standing discounts (invoices which already have...

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Supply Chain

2013 Was Year of Deals in Procurement Solution Space

Every year passes so quickly that by the end it is hard to remember the events and changes that marked the previous 12 months in the procurement industry. But 2013 might be an exception and during the final quiet days of the year, I took a look back at the major developments undergone by procurement solution providers. The procurement solution landscape has changed rapidly over the past couple of...

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Supply Chain

To Our Readers: Happy Holidays from ThomasNet News

Season's Greetings, Loyal Readers: The holidays are a time to consider all that we're thankful for, and you are on our list. You drove a tremendous 2013 for ThomasNet News with your Procurement Journal readership, sharing of our articles, and feedback on our content. We want to keep this momentum going. In 2014, you will see a more streamlined and improved ThomasNet News that will ensure you get...

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Supply Chain

Total Landed Cost: Just How Much Is That?

Organizations in both manufacturing and service industries have actively pursued offshoring opportunities over the last several years. Emerging countries throughout the world offer U.S. companies a possible competitive edge due to low labor costs. As these initial low wages increase, organizations look to the next emerging country for offshore and nearshore manufacturing and service workers. In...

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