Archive for May, 2007

Cost Savings Reports

I hope that you have enjoyed the article “Cost Savings Reports: Why Some Are Weak.” There is one point I really wanted to expand on in the article – Problem #2, Using Poor Quantity Estimates. I know that many purchasers out there will say “I got the quantity estimates from my internal customer. So it’s not my fault if they…

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Another SPSM Certification Evangelist

The biggest reward in my job is when students express how delighted they are with their experience in the SPSM Certification Program. So I am pleased that I can share with you this letter I recently received from a newly-certified SPSM: So I’d like to personally and publicly say “thank you” to Kathleen and wish her the best of luck…

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Search Engine Added To This Blog!

Thanks to a comment in an old post on Supply Excellence, I have been prodded to add a search engine to the Purchasing Certification Blog. A great idea, I admit. I wish I would have thought of that without having to have it suggested, but it’s there nonetheless over on the right-hand side under the links. If you find it…

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My Definition of Standard Cost

A subscriber to PurchTips responded to this week’s article “Spend Analysis: Whatcha Looking For?” and asked for my definition of “standard cost” as used in the article. Here it is… A standard cost is an estimated cost assigned to each purchased material or item by the accounting department of an organization. Standard cost accounting is used primarily by manufacturing organizations…

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Why Purchasing Must Communicate Its Value

I just read this blog entry entitled “YOU’RE EITHER MAKING SOMETHING OR YOU’RE SELLING SOMETHING!” that every purchasing professional should check out. This blog, written by an individual who has started and owned many companies, reflects a common perception among CEO’s. And the heart of it sheds some valuable light on how purchasing is perceived and why purchasing is a…

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Spend Analysis

I hope that you have enjoyed the article “Spend Analysis: Whatcha Looking For?“ If you didn’t notice, there is also an accompanying video podcast which you can download for free from our Purchasing & Supply Management Podcast Series page or watch on YouTube. To Your Career,Charles Dominick, SPSMPresidentNext Level Purchasing, Inc.Struggling To Have A Rewarding Purchasing Career?Earn Your SPSM Certification…

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Expert Purchasing Management Reviewed

Michael Lamoureux over at the Sourcing Innovation Blog recently posted a two-part review of our new online course “Expert Purchasing Management.” You can read his reviews here and here. To Your Career,Charles Dominick, SPSMPresidentNext Level Purchasing, Inc.Struggling To Have A Rewarding Purchasing Career?Earn Your SPSM Certification Online Athttp://www.NextLevelPurchasing.com

Hiring A Purchasing-Friendly CFO

I got an interesting request for help from a student today. This purchasing supervisor said that he would be given the opportunity to interview two candidates for the company’s CFO position. But he wanted to know what the heck you ask candidates like these! While I’ve never interviewed anyone for a CFO position, I’m not without my ideas! I suggested…

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Top Three Purchasing Issues

He’s at it again… Michael Lamoureux over at the Sourcing Innovation blog is rounding up us spend management/supply management blogger types to do another cross-blog series. This time, the theme is “The Top Three” – each blogger will rant about his/her favorite three issues in supply chain management and Michael will bring them all together. A brilliant idea, I think!…

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Purchasing Salaries in Canada

As I thought would happen when we released the article “Your Purchasing Salary: Is It Fair? “, we’ve gotten several responses essentially saying “You list US salaries, but what about purchasing salaries in MY country?” With purchasers from over 50 countries around the world enrolled in the SPSM Certification Program, we are certainly challenged in tracking purchasing salaries for each…

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