A Test of Procurement's Agility https://t.co/gDVkBuGy1R
The July 2020 ISM-New York Report on Business: The Rebound Continues
Report Rundown In July, New York City purchasing managers reported several 5- and 6-month highs while the Six-Month Outlook lost the gains reported in June, according to the survey taken by the Institute for Supply Management-New York “While the improvement to Current Business Conditions is encouraging, the drop in Outlook is something to watch,” said Kelly Barner, ISM-New York’s Business Survey C...
Pay Procurement and Supply Chain Professionals by Multiple Market Basket Focus Areas
The dilemma that we have is how should organizations pay the revenue generating departments of procurement or the supply chain? Sales departments are often incentivized with bonus-based pay based on sales volume, increases in market share or new customers gained. Should we pay them similar to sales? Not so fast. Here is a story. I once had a very good steel buyer who led our steel supply chain eff...
How to Get to Cleverer Purchasing Decisions
Editor’s note: This article is part of the MyPurchasingCenter content archive. It was originally published in 2015 and appears here without revision. [Former] ISM Services Director for the Institute for Supply Management and ADR North America Jim Barnes talks about technology and automation of supply chain and procurement and the interesting trends that follow in an interview with My...
How can you be a good negotiator if you have not read the contract?
Editor’s note: This article is part of the MyPurchasingCenter content archive. It was originally published in 2015 and appears here without revision. “I highly recommend reading the contract,” said Grieco, Senior Partner at Grieco & Scalera PA, adding that procurement also should plan to spend 30 minutes a month meeting with their organization’s lawyer. “The more time you spend w...
Sourcing Connectivity: Managing Wireless Spend
Author: Wes Bodenhamer, former SourceOne Project Analyst Editor’s note: This article is part of the MyPurchasingCenter content archive. It was originally published in 2015 and appears here without revision. What confuses many organizations, though, is what options exist to adequately support their daily business activities at the best price and functionality available, which often leads to th...
Invest in Procurement and Employee Training Not High Priced Consultants
One of the reasons for using consultants is that companies are spending less and less on employee training and development. Another is that they have a “bare-bones” staff, leaving no breathing room for move-the-business-ahead projects. Investing in people is just not in vogue anymore. Collaboration and team building are favored but employees need the skills, training, and tools, both hard an...
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Having a contingent workforce is good for business recovery, regardless of the exact form it takes and the need it… https://t.co/tfkfRmruYF
