Supply Chain

Supply Chain

Procurement Leaders and Change Management Can Go Hand in Hand

Credit: Stuart Miles at FreeDigitalPhotos.net To be successful in today's challenging business environment, procurement leaders must not only transform the function by identifying the right strategy for reducing costs, effectively managing suppliers, creating a competitive advantage, and contributing to the bottom line, they must also quickly get their teams to support its implementation. While...

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Supply Chain

Sourcing and Supplier Management Skills Gap: What Manufacturers Need to Succeed

Credit: stockimages at FreeDigitalPhotos.net The skills gap within the manufacturing industry is a widely discussed topic. Shortages in skilled production positions such as machinists, machine operators, craft workers, and other disciplines are inhibiting manufacturers' ability to expand operations, drive innovation, and improve productivity. But there may be an even bigger skills gap facing...

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Supply Chain

Supply Management Needs to Take Charge of Compliance

Credit: Stuart Miles at FreeDigitalPhotos.net Purchasing departments have always played a critical role in ensuring supplier compliance. New regulations, laws, and organizational requirements have expanded compliance requirements and caused them to take on even greater importance. The supply management function should follow accordingly. Today the devastating impact of supplier non-compliance is...

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Supply Chain

When a Technology Solution Is Not the Solution

Credit: twobee at FreeDigitalPhotos.net Today's procurement professionals are fortunate to have access to a number of powerful technology enablers. Solutions like spend analysis, e-sourcing, and e-procurement team up to drive increased visibility, scalability, efficiency, and accessibility. Yet if we are not careful in their implementation, these solutions could end up driving us, when it should...

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Supply Chain

ISM2014: Innovative Suppliers Accept Procurement Challenge

Procurement: "Challenge suppliers to do more. We drive our teams to be innovative." So said Mark Fortney, area vice president of facility solutions at Staples Advantage, to the supply managers attending the education session "Supplier Management: An Enterprise Capability. A Procurement Opportunity" at the International Supply Management Conference (ISM2014) recently in Las Vegas. Presenting with...

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Supply Chain

Is Business Process Outsourcing Becoming Outdated? [Infographic

As the sourcing industry continues its evolution into becoming a strategic field, many procurement departments and sourcing groups are routinely finding themselves out-manned and under-resourced when tackling strategic initiatives. When bringing in third-party assistance for their procurement teams, why do so many organizations rely on traditional business process outsourcing (BPO) firms that...

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Supply Chain

ISM 2014 Salary Survey Indicates Drop in Pay for Supply Management Professionals

The average base compensation for procurement, sourcing, and supply management professionals decreased 2 percent in 2013 to $101,608, an indication of softness in the job market and employers keeping a tight lid on salaries and expenses. At the same time, the Institute for Supply Management's (ISM) 2014 Salary Survey noted that average base compensation was the most important job-determinant...

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Supply Chain

Relationships Help Procurement, Suppliers through Challenging Times

John MacLean, vice president of procurement and supply chain at American Airlines, understands the value of relationships. MacLean, who is leaving his post at the end of April, looks back on his career in procurement at the world's largest airline in an interview with My Purchasing Center. He has served as a member of the My Purchasing Center Editorial Advisory Board since the online publication...

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Supply Chain

The ABCs of Building an Effective Scorecard

Credit: digitalart at FreeDigitalPhotos.net In nearly every industry, supplier scorecards are viewed as an important part of managing supplier relationships. Scorecards help keep both parties on the same page. They are used to identify areas of improvement, justify changes, or add an extra incentive when pushing good suppliers to take their performance to the next level. Unfortunately, many will...

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Supply Chain

A Look at the ISM Original Purchasing Practice Standards, Part 3

In 2013, the Institute for Supply Management-New York celebrated its centennial with a look back over the milestones and accomplishments of its first 100 years as a professional association. One of the milestones was the establishment of common standards for purchasing professionals at the time, when the association was known as the National Association of Purchasing Management. The resulting...

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