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Friday, April 18, 2014

Procurement Retools its Focus to Innovation and Value

Hackett Group research notes that this year, many chief procurement officers will be moving their main focus away from cost management to expanding procurement’s influence and finding ways to grow innovation.

Saving Money Like a Madman on Wireless Spend

Earl “Madman Muntz” was an acclaimed maverick salesman from the 1940s through the ’60s, whose ideas included bare-bones TVs for high-signal markets. Today, buying organizations can take a page from him by forgoing “do-everything” wireless plans in favor of stripped-down ones that meet users’ needs.

Small Changes through Kaizen Yield Spectacular Results

Kaizen is Japanese for “change for good” and the continuous process improvement philosophy widely used by businesses big and small. Kaizen is an opportunity for procurement to take the lead in improving spend.

Settling the Score: How to End Frustration with Supplier Scorecards

After being in existence for decades, why do supplier scorecards still give sourcing and purchasing professionals fits? We examine some of the causes that make scorecards ineffective.

Supply Chain Management in the U.S.A. Means Continuous Improvement

As a natural progression, Banneker Industries in Rhode Island interestingly evolved from a machine shop to a 3PL (third-party logistics) provider. Today, it is still pushing forward, believing that operating responsibly, as an environmental citizen, will produce success for the future.

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