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Thursday, July 31, 2014

Looking at Spend Analysis Through a Different Prism

The best high-performance spend analysis will allow a company’s leadership to better understand where the cost savings are and the level of risk and compliance.

Can Blanket Purchase Orders Provide Procurement Security?

Blanket purchase orders is a way that may allow buying organizations to cut the red tape in repetitive purchasing and spur efficiency. But to make blanket POs work, procurement must do some things differently, such as demand and supply forecasting.

Compliance Management: Facing Up to the Challenge

Compliance management must move up from being an afterthought to the top tiers of organizational, supply chain, and supply management strategy. In many instances, supply professionals own responsibility, and in others they share management requirements with other supply chain stakeholders.

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.

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