We are excited to announce that the CPO Summit returns on November 2-4th of November! The Chief Procurement Officer Summit is an invitation-only, premium Summit bringing leading senior procurement exe...
Procurement’s role always adjusts to support the needs of the industry and company they work in. For instance, new product development holds the key to revenue and differentiation for manufacturers. I...
“If you are going to talk business, you need to talk numbers. Avoiding this, it is like coming here to the U.S., as I did over two decades ago and not learning English.” - Scaling Supply Chains ...
“The best leaders are the ones who have the sense to surround themselves with outstanding people and have the self-restraint not to meddle in how they do their jobs.” - &n...
In addition to the webinars listed below, Art of Procurement Digital Outcomes is being held this week on Wednesday and Thursday from 10am – 1pm ET. Register in advance even if you can’t stay for the e...
“Business leaders have only so many days in a year, and every action has a clock attached to it.” - Flow, p. 30 The central premise of Flow by Dr. Robert Handfield and Tom Linton is that ...
“When the CPO and procurement team participate in every critical stage of a product’s evolution – from concept development and the award of supplier contracts to the start of production and through th...
Procurement teams continue to evolve, especially as the executive leadership team looks to them for value and competitive advantage in addition to cost savings. Although the procurement value proposit...
One of the reasons procurement has always been a process-driven function is because we are tasked with managing buyer behaviors as much as we are addressing and analyzing spend. Spend is trackable, re...
When it comes to negotiating savings, leveraging volume to take advantage of supplier efficiencies and economies of scale to drive down prices based on forecasted demand has always been procurement’s ...
When SMBs launch, they tend to have informal procurement processes. This informality might work with four to five employees and a handful of customers, but it simply isn’t practical for a growing busi...
What is procurement data? Procurement data includes vendor data, master data, contract data, bills of material, performance data, sustainability score cards, transaction data, purchase order details, ...
In my opinion, realizing you enjoy Thanksgiving more than Christmas is one of the first real signs you’ve reached adulthood. Thanksgiving has all of the food, family, and tradition without the stress ...
On November 11th 1919, the United States recognized the first anniversary of the end of World War I - Armistice Day. By 1938, the day had become a national holiday. In 1954, President Dwight D. Eisenh...
“They all believe they are sourcing strategically; therefore, management does not see the need to provide the proper people, technology, time, and training to effectively manage spend and look for cos...
“Bad best practice is a terrible thing, because it blocks real best practice from being put in place. And it’s a remarkably common phenomenon. Many times, companies truly believe they have done all th...
Procurement organizations employ spend analytics as one of their major tools for proactively identifying savings possibilities, managing risks, and maximizing their purchasing power. Spend analys...
Note: This article was originally post on All Things Supply Chain Every year on July 4th, the United States stops to remember and celebrate the 1776 signing of the Declaration of Independence by Congr...
Author: Ravindran Damodaran Editor’s note: This article is part of the MyPurchasingCenter content archive. It was originally published in 2016 and appears here without revision. Not long ago the corpo...
Author: Tinamarie Rintye, Former Project Analyst at Source One Management Services, a Corcentric Company, now the Manager of Distribution and E-commerce at Esteé Lauder Editor’s note: This a...