Key Strategies for Wrangling your Indirect Spend

Key Strategies for Wrangling your Indirect Spend

Even companies with the most cost-effective, efficient operations can struggle with indirect spend.  Often not centralized and left in the hands of a variety of players in disparate locations, it’s all over the place.   So, this post is dedicated to sharing some key strategies for wrangling your indirect spend to get it working for…

Dealing with Outsourcing Supplier Instability

Dealing with Outsourcing Supplier Instability

There’s no question that a certain amount of risk is to be expected when discussing suppliers.  Instability happens. But there’s no reason you can’t manage the potential for supplier instability effectively.   While you may not be able to eliminate all the risk inherent with respect to suppliers, you’ll certainly be able to mitigate it…

Procurement Consulting: Tips for Getting the Most Out of Your Experience

Procurement Consulting: Tips for Getting the Most Out of Your Experience

If you’ve retained or are thinking about retaining the services of a procurement consultant, then you’re probably aware that your purchasing practices need a steadier hand. And that’s exactly what procurement consulting can do for you.  Especially in the complex world of indirect spend, a procurement consultant can provide the insights, leverage and supply chain…

Non-Manufacturing Industries are Growing – and So Are Their Orders

Non-Manufacturing Industries are Growing – and So Are Their Orders

In a November analysis, Anthony Nieves (Chair of the Institute for Supply Management) wrote that Non-Manufacturing Industries had grown for 106 consecutive months, as of writing. That’s almost 9 years. And that growth is reasonably consistent across the industries represented in the sector, from Scientific and Technical Services to Education, to Healthcare.  And in terms…

Price Increases in Office Supplies in 2019

Price Increases in Office Supplies in 2019

In case you hadn’t noticed, the price of office supplies (paper in particular) is steadily rising.  Part of that trend is the impact of the recent US tariffs. This reality was readily seen in an almost 15% price increase for copy paper.   And part of the reason for price spikes for paper products is…