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Thursday, July 24, 2014

Why Vendor-Managed Inventory Programs Are Worth It

Vendor-managed inventory programs aren’t new, but many companies still do maintenance, repair, and operations supply management the old-fashioned, tactical way. It is inefficient and costly compared with the automation and accurate inventory record-keeping of VMI.

Is Your Supplier Management Strategy Evolving Fast Enough?

The tactical focus of driving down costs in supplier management has worked historically, but times have changed. Today, supplier management is about innovation and collaboration, to mitigate risk, rationalize complex supply networks, and differentiate among saturated competition.

New Online System Takes Aim at Fixing Indirect Spend

The founder of FocusedBuyer, a new online buying and selling portal, says it can help procurement professionals better manage their companies’ indirect spend.

The Leasing Options in the Construction, Medical, and Restaurant Industries [Infographic]

Businesses often lease rather than own their vital equipment, whether it’s a construction company, restaurant, or medical facility. Leasing allows companies to lower their initial capital investments and other costs.

For Procurement, It All Comes Down to the Relationship

Whether managing costs, quality, or continuity, for procurement it’s about relationships, with management, stakeholders, and, perhaps most important, suppliers.

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