Buyers Meeting Point procurement by Kelly Barner

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(5/6/2014) What does the Future of Procurement Hold? Millennials!

On May 5th, ThomasNet.com and the Institute for Supply Management officially launched their “30 Under 30 Rising Supply Chain Stars” program at ISM’s annual conference in Las Vegas. This partnership will spotlight a group of young supply chain professionals who have already distinguished him or herself at the beginning of their careers through their innovation, collaboration, and leadership to either their company or the industry.

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(4/24/2014) Does Corporate Travel have to be ‘Managed’ to bring Spend Under Management?

"...unmanaged travelers achieve better business trips, are more satisfied with their business travel – and here’s the kicker – don’t spend any more than their managed traveler counterparts."

-- Scott Gillespie, "Why Bother Managing Travel?" Managed Travel 2.0: 22 June, 2012.

 

Procurement’s role with regard to travel spend has been steadily expanding. “While travel budgets, by and large, bounced back during the economic recovery period (those enterprises that were able to recover quickly after the downturn understood the relative importance of business travel), something was different than it was in the past: procurement’s touch could be felt more firmly within the category.”[1] With procurement’s influence came new measures of performance than were used to evaluate travel spend in the past.

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(4/17/2014) The Diversity Supplier Search You Can Not Buy ...Because ThomasNet.com is Giving It Away

According to a 2011 study of diversity supply practices run by the Institute for Supply Management (ISM), “The challenge in running [diversity] programs that stands out the most is ‘finding quality suppliers’. Over 70% of ISM’s survey participants saw supplier identification as the greatest obstacle to building their diversity programs, with no other challenge being selected by more than a third of respondents (ISM Supplier Diversity Survey, December 2011: p. 5).

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