Archive for 2006

eProcurement Is Still Newsworthy?

Yesterday, the Pittsburgh Post-Gazette ran a large article on the front page of its business section that described how UPMC just implemented eProcurement. If you’re like me, your first thought was “Uh, and that’s news in THIS MILLENIUM?” I mean, after all, implementing an eProcurement system in 2006 is not exactly groundbreaking. UPMC’s sister organization, University of Pittsburgh, successfully implemented…

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Purchasing and Inventory Management

I hope that you have enjoyed the article “Purchasing & Inventory Management Hook Up!” As promised in that article, here’s the EOQ formula: Where: EOQ = Economic Order Quantity ACPO = Acquisition Costs Per Order AUU = Annual Usage in Units UC = Unit Cost CCP = Carrying Cost Percentage So, if you know that it costs you $150 in…

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What Does Diddy Have To Do With Purchasing?

The increasing visibility of social responsibility in purchasing is becoming more and more evident in the eyes of the public. This article demonstrates department stores’ insufficient purchasing research when deciding to stock a line of dog-fur coats marketed by Sean “Diddy” Combs’ company. The ethical treatment of animals is definitely one of the key components of a social responsibility program…

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To Whom Should Purchasing Report?

Like the question that led up to the article “What Is Supply Chain Management, Anyway?“, I have commonly gotten questions like “To whom should Purchasing report?” My answer: it depends. To whom the purchasing function reports to can be different from company to company, and that’s OK. To simplify it, if the company sees Purchasing’s primary role as delivering cost…

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Articles For Re-Publishing

Occasionally, I get asked if my articles can be reprint or republished. As a general rule, I review each request on a case-by-case basis. However, I do have several articles available for re-publishing for free through The Phantom Writers. Republishing is subject to their terms, but they’re pretty easy to follow. So if you’re interested, here are links to articles…

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Is The Procurement Blogosphere Shrinking?

A recent report by Gartner predicts that blogging has just about reached its peak, suggesting that there is a point in time where the non-serious will get bored and move on. Are we seeing this in the procurement blogosphere? Well, as Spend Matters, Sourcing Innovation, and Supply Excellence continue to consistently blog away with good content in 15, 7, and…

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Savings Strategy Development Reviewed

Michael Lamoureux over at the Sourcing Innovation Blog recently reviewed Savings Strategy Development. You can check out his reviews here and here. One thing that Michael does is evaluate whether the class is “worth it.” In addition to his objective insights, I’ll add one other way that our online purchasing classes are worth it. Each of our full-length classes has…

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CPO’s & The Talent Search

A hot topic of late is the fact that CPO’s (Chief Procurement Officers) are vigorously competing for top talent to staff their procurement operations. A couple of resources worth checking out include this post over at Supply Excellence and Purchasing Magazine’s “Top CPO’s” feature. Personally, I think that there is a high-impact trend that should be on every CPO’s radar.…

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What Is Supply Chain Management?

I hope that you have enjoyed the article “What Is Supply Chain Management, Anyway?“ With all of the names that are given to the purchasing function, it is no surprise that people are confused. While most of these names (e.g., purchasing, procurement, supply management, etc.), in my opinion, refer to the same thing, I thought that making a distinction between…

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Our Annual Purchasing Survey

Here’s the invitation from an email we sent to our subscribers today… The next edition of PurchTips won’t arrive in your inbox until next Tuesday. But that doesn’t mean that you can’t learn something valuable before then! Here’s an opportunity for you to get a FREE copy of a powerful educational document called ‘Strategic Sourcing Questions & Answers.’ This document…

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