Supply Chain

Supply Chain

Managed Services Providers Outsourcing Best Practices [Infographic

Outsourcing is a fact of life for a majority of businesses today, as many organizations operating leaner depend on outside bureaus for specific skills and services. While there are different forms of outsourcing, the best practices for partnering with managed services providers (MSPs) are universal. Click the infographic below to see the five critical keys to managing MSPs. Danielle Rosato is a...

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Supply Chain

How Rational Is Your Supplier Rationalization Program?

As companies continue to focus heavily on reducing the spend made by their purchasing and sourcing organizations, the number of suppliers that each company utilizes has come under intense scrutiny. Once driven by lean principles, supplier rationalization often took on a spend management bent, with a company looking to consolidate requests across the organization and ultimately doing business with...

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Supply Chain

P&G CPO Rick Hughes Reflects On Storied Procurement Career

When Procter & Gamble's chief procurement officer, Rick Hughes, turns the light off in his office in June for the last time, it's difficult to think how he could possibly top his stellar 31-year career. For one thing, not many people these days can say they spent their entire working lives at one company. Of course, not many people can say they led the purchasing and supply chain operations for a...

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Supply Chain

A Look at the ISM Original Purchasing Practice Standards, Part 1

In 2013, the Institute for Supply Management-New York (ISM-New York) marked its centennial as a professional organization. Although it has operated under different names over the years, including the Purchasing Agents' Association of New York and the National Association of Purchasing Management, ISM-New York grew to serve as the foundation for what became the national ISM we are familiar with...

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Supply Chain

Minding Your Regulations: Importing Non-Compliance Can Impact Total Landed Cost

[Editor's Note: This is the third article in a series covering topics related to total landed cost by contributing writer Marilyn Gettinger. See links to her first two articles at the end of this article. The U.S. government, U.S. Customs Border and Protection (CBP), and various federal agencies have established many regulations that the importer of record must know and follow. Compliance costs...

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Supply Chain

Supplier Diversity: When Risk in Supply Chain Is Good

The ISM Supply Chain Diversity Summit will take place Feb. 26-28 in San Francisco. Shelley Stewart, vice president of sourcing and logistics and chief procurement officer at DuPont, who is an active member of the Institute for Supply Management and has served on its board of directors, including a two-year term as chair, played a key role in helping to create the conference. At the conference,...

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Supply Chain

Finding Savings Within the WAN

Credit: jscreationzs at FreeDigitalPhotos.net IT and telecom are two spend areas that conceal a lot of savings behind walls of industry terms and technical jargon, making it difficult for the average procurement department to make any inroads. Our IT & Telecom team here at Source One just wrapped up an extremely successful telecom optimization project, with multiple components producing very...

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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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