Supply Chain

Supply Chain

Looking Beyond Sales for Profit Growth Spells Opportunity for Procurement Managers

Procurement managers are doing more this year with fewer resources. The bottom line on "more" in this case is meeting projected annual company growth of 6.5 percent while working with marginally lower budgets (0.4 percent decline) and personnel (0.5 percent less). To do this, procurement managers are looking beyond spend-cost savings to ongoing improvements in such areas as standardization and...

Read More »
Supply Chain

[INFOGRAPHIC Source One Explains Strategic Sourcing

Sure, strategic sourcing might be a much more complex and time-consuming way to obtain goods, supplies, and services. However, the long-term benefits are undeniable. Taking the time to research vendors, secure information, conduct due diligence, and further negotiate the best contract with the best qualitative conditions pays off in cost savings. It turns the "time is money" cliche on its head....

Read More »
Supply Chain

Supply Risk: What You Don't Know Can Hurt You

Cost savings may be job number one today, but recent economic crises portended an equally disturbing challenge: heightened supply risk. Volatile commodity prices, credit shortages, consolidation, and bankruptcies combined to disrupt supply chains for companies regardless of their size or the industries in which they operate. It is more important than ever for buyers and suppliers to work more...

Read More »
Supply Chain

The Networked Enterprise: Making Connections & Collaboration Efficient

We live in a networked world. As consumers, we tap into personal networks like Facebook, Twitter, and Amazon that help us learn, share, and shop better. And it is changing the way we do business, as leading companies are now leveraging digital networks to more efficiently engage with their trading partners and collaborate across the entire commerce process. And in the process, they're creating a...

Read More »
Supply Chain

Supply Management Versus Supply Chain Management

Supply professionals, in their efforts to stay current on the latest information, often find the frequently used terminology very confusing. In many cases, the message is lost in translation. Many articles and industry speakers use the term "supply chain management" when they refer to supply or purchasing staff, and those working in and writing about the logistics sector regularly speak of the...

Read More »
Supply Chain

Think Big, Think Purchasing Alliance

Most companies do all they can to maximize profits. One of the biggest drivers here is employee productivity, which in the U.S. has posted impressive gains in recent years, despite mixed results in the second half of 2012 (up by an annualized 3.1 percent in the third quarter, down by 1.9 percent in the fourth, according to the U.S. Dept. of Labor). One area where margins can be increased is...

Read More »
Supply Chain

Procurement Is At the Head of the Table

Toshiba's recent promotion of Hisao Tanaka, former manager of procurement and manufacturing, to CEO was an uncommon move for the company. History is not exactly full of examples of procurement chiefs rising to the top of their companies, save for one recent notable example: Apple. Toshiba's move encourages reflection on how Apple's decision to anoint Tim Cook is working out. Cook's background in...

Read More »
Supply Chain

The Knowledge Dynamic: Making Informed Supply Decisions

One of the objectives of supply management and the supply professional is ensuring the availability of goods and services when they are needed while minimizing inventory and inventory carrying costs. Another objective is to meet all legal, ethical, and social commitments and requirements when handling purchases for both internal customers and production demands. Supply management has...

Read More »
Supply Chain

The Nature of Buyer-Supplier Relationships Is Changing

The past few years have been tough on suppliers. Rising commodity prices, tight credit, and recent disasters impacting supply chains have all contributed to the pain. And buyers have been in a position of strength, leveraging the downturn to negotiate lower prices and other terms to their advantage. However, current trends and predictions of many leading chief procurement officers and other...

Read More »
Supply Chain

The MRO Buy: An Opportunity for Leadership

Many organizations focus their supply strategies and cost-reduction efforts on raw materials and components used in the manufacture of their products or on finished goods purchased, stocked, and sold to customers. This area of spend is definitely critical to an organization's competitiveness and bottom line and is a large chunk of the cost of goods of any product. However, supply professionals...

Read More »

All Topics