Blog

The Value of Good Data to Procurement

Often the first thing that comes to mind when discussing data in broad terms in scientific research. You may recall back in high school or college the importance of collecting quality data and different statistical sampling techniques as the basis for your research. In business data is typically associated with sales numbers or profitibility. […]

Purchase Power Parity for Procurement

In a global economy sourcing often stretches across borders and even oceans for purchasing managers. Factors involved can be very complex. One thing purchasing managers need to consider is purchase power parity. According to investopedia.com purchase power parity can be defined as follows: “An economic theory that estimates the amount of adjustment needed on […]

Social Networks for Procurement Professionals

A couple of weeks ago we discussed using Facebook as a Procurement Professional in this blog post here. Since that time we’ve discovered a couple of new social networks geared specifically toward this industry instead of trying to find a use in an existing social network. As technology continues to develop and purchasing and […]

5 Minute Case Study on Short-term procurement fixes & long-term gains

ProcureCon TV screens exclusive interviews with Europe’s leading procurement professionals. They go behind the scenes at major industry events to bring the very latest news, views and insight from the procurement sector.

In this 5-minute video case study with Edward Gardner, Director Supply Chain Procurement at Rexam, he describes the balancing act required to keep […]

Alternative Financing with the Help of your Purchasing Department

The ebb and flow of business means that sometimes a traditional loan is not the best solution for an increase in captial. Maybe your business cannot qualify or maybe they do not have the time to go through the entire approval process; when opportunity presents itself quick action is sometimes necessary. Alternative financing options […]

Do You Use Facebook in your Procurement Job?

Facebook is arguably one of the largest and most popular social media networks, but as far as business goes, it isn’t usually the first to come to mind. Professionals tend to think of LinkedIn as a social network that can help you professionally. Drilling down further into the purchasing profession, where does Facebook fit? […]

Understanding Supply Chain Diversity

ProcureCon TV screens exclusive interviews with Europe’s leading procurement professionals. They go behind the scenes at major industry events to bring the very latest news, views and insight from the procurement sector.
Here is a 2013 interview with Jonathan Sutherland, head of procurement at Royal Bank of Scotland. In this intereview he answers the questions:
What […]

Our Top 4 Most Viewed Purchasing Blog Posts

These 4 blog posts have been the most viewed over the past year. Take a look and hopefully they can help bring some new thoughts or forgotten topics back to mind.
 
#1: The Benefits of Local Sourcing & Procurement
Take another look at local suppliers, think creatively, and see if local procurement can now work better for […]

Is China Sourcing a Viable Alternative?

Outsourcing and sourcing from overseas has gotten a bad reputation. People take great pride in being an American, buying American, and searching for “made in America” tags. Many small to medium business owners take steps to source locally when possible in order to help build the community where they are situated. However, there are […]

3 Procurement Strategies in Under 5 Minutes for Financial Services

ProcureCon TV screens exclusive interviews with Europe’s leading procurement professionals. They go behind the scenes at major industry events to bring the very latest news, views and insight from the procurement sector. 
Here is a 2013 interview with Graham Copeland (Xchanging) discussing the challenges faced by procurement professionals in the financial services industry. There is […]