Sourcing direct materials has undergone lean principles and supplier rationalization. A supply base of a handful of strategic suppliers would certainly be easier to manage. What could go wrong? Actually, a lot.
When the Institute for Supply Management began as an organization over 100 years ago in New York, part of its charter was a document of 10 principles and standards governing its members’ purchasing practices. Do these tenets still hold true today?
When Rick Hughes turns the light off in his office at P&G in June for the last time, it’s difficult to think how he could possibly top his stellar 31-year career. The retiring Hughes will leave the reins of its 82,000-supplier purchasing organization in the very capable hands of one of his VPs, Stewart Atkinson.
Federal agencies have many regulations that importers of record must follow. Compliance costs are part of the total landed cost calculation, and an organization must not only be on top of its own compliance but also that of its tier-one suppliers.
Shelley Stewart, VP of sourcing and logistics and CPO of DuPont, will be part of the ISM Supply Chain Diversity Summit. Stewart talks about his career in supply management as an African American, and his numerous diversity- and profession-related good works.
IT and telecom are two spend areas that conceal a lot of savings behind walls of industry terms and technical jargon, making it difficult for the average procurement department to make any inroads. Our IT & Telecom team here at Source One just … [Read More...]
In light of economic events of recent years, companies are continuously faced with reducing costs to combat sluggish growth and offset commodity price increases, rising costs of energy and transportation, etc. Despite these pressures and economic … [Read More...]
You're a manufacturing organization that has had your new inkjet printer for a little while when messages start appearing telling production it's time to replace the ink cartridges. The sticker shock you experience when you go to place your order … [Read More...]
Supply chains are becoming increasingly complex. Yet many procurement teams are not working to prevent and manage disruptions that could prove costly.
“As the supply chain gets longer and involves more players, countries, modes and logistics … [Read More...]
[Editor's Note: This is the second article in an article series covering topics related to total landed cost by contributing writer Marilyn Gettinger. See her first article, Total Landed Cost: Just How Much Is That?]
According to the U.S. Coast … [Read More...]