Blog

The Household CPO – Chief Purchasing Officer

We discuss many different aspects of purchasing and procurement in this blog and thought it would be fun to take a slightly different approach today. The following infographic fromDigital Surgeons looks at the spending by women on fashion and media. It positions women in general as the household CPO, or Chief Purchasing Officer and examines […]

Purchasing Management – A Driving Force to Maximizing Profitability

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Purchasing Managers, purchasing agents and buyers are the life support system of your supply chain. I often use the phrase in leadership training; “You’re only as good as the people you surround yourself with.” That phrase also applies to one of the most critical functions in wholesale distribution, the Purchasing Manager. So what […]

How to Assess Strategic Procurement Maturity, Part 2

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Continued from How to Assess Your Level of Strategic Procurement Maturity, Part 1

A strategic approach to IT procurement can help cut costs and improve efficiencies. The first step to taking a strategic approach to IT procurement strategy is assessing your current procurement maturity.

Strategic Procurement Part Two

Many enterprises have gained a strategic advantage by […]

How to Assess Your Level of Strategic Procurement Maturity, Part 1

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A Dynamic Field

Procurement’s increasing importance is being driven by two economic changes:
•Increasing competitive pressures are forcing companies to look at procurement as a means of helping boost the bottom line. CEOs are looking for areas to cut costs, and streamlining procurement processes is a viable solution.
•A lot of companies are doing more outsourcing. […]

Purchasing Managers Working to Gain Favor with Upper Management

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.

Nick Brazier, Chief Procurement Officer at the corporate investment bank BNP Paribas talks some of the challenges he faced and what he did […]

Online Resource for Purchasing Managers

Do you have a favorite resource online for getting news and information about the purchasing industry? There are quite a few reputable organizations and publications available, but we wanted to highlight one today called Supply Management: The purchasing and supply website.
The http://www.cips.org/ publishes the latest news, views and analysis for those working in the procurement profession […]

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 […]