Supply Chain

Supply Chain

Medical Device Makers Get Serious About Sourcing

The lingering impact of the global economic recession coupled with health care reform measures aimed at cost containment are triggering new emphasis on improved procurement practices at major American medical device manufacturers. Centralized strategic sourcing and other changes are expected to drive $400 million in savings at Zimmer Holdings by 2016. Based in Warsaw, Ind., Zimmer is a major...

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Supply Chain

3 Steps to Merge Procurement Safely Onto a Moving Category

So you've decided to source a product or service. Before you do anything, Stop, Look, and Listen. Strategic sourcing, or the process of bidding, negotiating, and contracting a category of spend, is handled differently across companies and within companies. In some cases there is a department dedicated to the process and in others the process is distributed, run by the professionals who...

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Supply Chain

Source One Establishes Incubator for Supply Chain Best Practices Amid Shifting Client Strategies

Source One Management Services has created what it calls the Supply Chain Center of Excellence to develop new ideas and best practices for category management, supplier relationship management, and supply chain/finance integration. The procurement services consultancy says the reason behind the think tank's genesis is what it sees as a shift in the market away from simply strategic sourcing and...

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Supply Chain

Executive-Level Conference Series Kicks Off in New York

Procurement Leaders (PL) of London will present the first installment of its Next Decade Series of global conferences in New York City on June 12 at the Harvard Club. The all-day event is for senior executives. Only 50 will be registered to maximize learning and networking opportunities, the company says. The schedule includes five roundtables, with rotating discussions so that each attendee can...

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Supply Chain

SciQuest's Latest Spend Management Software Adopts Consumer-Like User Experiences

Cloud-based e-procurement provider SciQuest says the latest version of its eponymous software-as-a-service (SaaS) answers demands by its customers for a more intuitive user experience as well as greater functionality. SciQuest held a demo of its new solution suite for IMT Procurement Journal at the recent International Supply Management Conference in Dallas-Fort Worth. "We wanted to make the...

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Supply Chain

China Outlook: Expect Slower GDP Growth through 2018

China, once the mighty engine of globalization, is gradually seeing its growth throttle down and reflect patterns of a maturing economy. The Conference Board forecasts annual growth for China of 5.5 percent from 2013 to 2018 - a far cry from the raging double-digit figures of recent years. In the third part of my look this week at economic forecasts for key regions, as indicated by numbers from...

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Supply Chain

MRO Procurement Grapples with Price, Quality

In 2013, MRO procurement professionals see the economy improving, and, with it, a marketplace that is becoming more competitive. They struggle with data -- after all, they're responsible for sourcing maintenance, repair, and operations items almost too numerous to count. They have new concerns about quality and are figuring out how to forecast pricing. They want suppliers to live up to...

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Supply Chain

European Outlook: No Recovery in Euro Zone Economy

The European economic outlook is dismal and seems destined to remain that way for the foreseeable future. This is hardly news to anyone, of course, but recent figures from the Conference Board attest to the persistent slide in key Euro Zone economies. As noted in my posting yesterday, low growth - or no growth - is bound to affect procurement activities in many areas and could cause supply chain...

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Supply Chain

18 Reasons Why a Supply Management Department Is One Heck of a Precious Resource

Purchasing has gained respect and recognition in many organizations. Successful companies have dedicated procurement departments with the resources and support to enable significant contributions to the bottom line. Once considered paper-pushers, today supply professionals -- by which buyers, purchasers, and procurement personnel are now called -- are enabling companies to maximize value. Many...

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Supply Chain

Mixed Forecasts Characterize Outlook for Global Growth

Credit: sheelamohan on FreeDigitalPhotos.net. Recent figures compiled by the Conference Board for key regions around the world show a mixed outlook for economic growth, a situation that will doubtless affect procurement activities in many industries and possibly raise supply chain risks. For example: Business activity and consumer confidence in the U.S. is rebounding somewhat, although the...

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