What Are Some of Your Current Challenges in Purchasing?

What Are Some of Your Current Challenges in Purchasing?

We’ve all got our problems and procurement professionals are no exception.  As with every business sector, procurement is facing economic, social and technological change that’s coming fast and furious. It can be a little disconcerting how quickly things can change in a dynamic landscape like the one we’re in. So, what are some of your…

Are You Tired of Not Getting Top Level Customer Service from Your Suppliers?

Are You Tired of Not Getting Top Level Customer Service from Your Suppliers?

Your company spends a lot of money with your suppliers, so when you call them with a problem, a question or a complaint, you expect to find someone on the other end of the phone with a solution, an answer or a response. But you don’t.  You leave messages.  You send emails. Nothing.  Sometimes you…

Are You Reviewing all Possible Spend Areas of Your Business?

Are You Reviewing all Possible Spend Areas of Your Business?

What your business spends money on is a whole lot of different things.  When it comes to indirect spend, you may not be quite sure what’s going on under the hood. Are you reviewing all possible spend areas of your business?  It’s highly likely that you’re not, because it’s a big conversation with a lot…

Vendor Managed Inventory

Vendor Managed Inventory

There’s good reason that giants like Walmart and Home Depot work with the Vendor Managed Inventory model.  This type of supply chain arrangement makes a lot of sense for both parties and creates a symbiosis which keeps needed supplies and goods on hand, without overstocking. This type of supply relationship allows information to be shared…

How to Increase the Effectiveness of Cost Saving Initiatives in the Second Half of 2018

How to Increase the Effectiveness of Cost Saving Initiatives in the Second Half of 2018

Cost savings initiatives come and go and in the aftermath of all that apparent cost cutting, how do we assess the success of what we’ve done? All too often, success is declared based on spending not increasing.  That’s not saving money. That’s holding the line. You may well gauge the success of a cost savings…