Archive for July, 2006

Price Forecasting In Purchasing

A subscriber to PurchTips today asked my opinions on how to deal with industry-wide price increases due to buying in an inflationary market. I thought that I’d post an excerpt here so that more than one person can benefit from my advice. My view is that purchasing should always challenge price hikes except when doing so will increase the risk…

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The Purchasing “Tomatoes?”

OK, perhaps this is the oddest subject line in the history of purchasing blogs. But let me explain what I mean. Are you familiar with the phrase “You say ‘tomato’ and I say ‘tom-ah-to’?” For those of you from outside the US, this is a phrase used to essentially mean “Well, we call things by different names, but that’s OK.”…

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A Common Buyer Training Omission

Sometimes, buyer training organizations forget the little, tactical things that buyers need to know that make a difference. Embarrassingly, I wish that we incorporated this little tidbit into our fundamentals of purchasing online training class. Buyers and suppliers often speak to each other in part numbers. Miscommunicate or mishear the part number and there can be big, hairy, unnecessary problems.…

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An IT Purchasing Breakthrough?

The president of our IT vendor passed along an article that mentioned a new IT purchasing standard that has been developed by General Motors and Carnegie Mellon University. Reading the article, left me a little curious: could a purchasing standard written from an IT point of view really achieve adoption among purchasing professionals? I would love to read the standard,…

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Strategic Sourcing Plan

I hope that you have enjoyed the article, “The Strategic Sourcing Plan of Attack.” This article is a macro view of strategic sourcing – looking at all commodities and when to attack them. Of course, within any given category, you need a micro view sourcing strategy for that category. See our article “Cost Savings Ideas: EDMC Case Study” for an…

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Next Level Purchasing Website

OK, OK. I haven’t blogged in a few days. You didn’t think I was giving up on blogging, did you? There has been quite a lot of activity going on here at Next Level Purchasing. The biggest development is that we launched the new Next Level Purchasing Web site today! I would love to hear your comments on the new…

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Purchasing Articles Now Easier To Find

Since Next Level Purchasing started sending out its newsletter in July 2002, we’ve produced over 100 issues. We have all of them from edition #50 to the current issue archived at http://www.NextLevelPurchasing.com/free.html As the archives grow, it has gotten more cumbersome to search our archives for an article on a specific topic…until now! I’ve been using del.icio.us to compile a…

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Purchasing Certification in Middle East

With all of the bad news coming out of the Middle East this week, I thought that I’d share some good news about that region. There are several purchasing and supply management professionals from the Middle East enrolled in our purchasing classes and the SPSM Certification Program. Their countries include places like Saudi Arabia, the United Arab Emirates, Turkey, and…

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Top Materials Management Consultant Earns SPSM

Because most of the individuals who have earned their SPSM Certifications are practitioners – buyers and managers employed by mid- to large-size organizations – not many have their own Web sites. But one of the several candidates that we certified yesterday does – Miles Olsen, SPSM, a top materials management consultant. Now, I don’t know Mr. Olsen too well other…

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Fleet Procurement

I have just returned from a speaking engagement for the National Association of Fleet Administrators. Fleet is one of the newer categories of responsibilities of procurement departments as the role of procurement becomes increasingly expanded. Like other new areas, procurement professionals will have their challenges understanding the technical aspects of fleet and synergizing with their new internal customers. This particular…

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