Archive for October, 2008

The Economy In Fall 2008 & It’s Effect On Procurement

Here’s a little vlog where I share some of my thoughts on procurement’s position in today’s economy… By the way, this is the 500th post here on the Purchasing Certification Blog which, when started in March 2005, was one of the first procurement-related blogs. Happy Halloween! To Your Career,Charles Dominick, SPSMPresident & Chief Procurement OfficerNext Level Purchasing, Inc.Struggling To Have…

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Today’s GDP Release Leaves ISM With Egg On Its Face

If you’ve been a long-time reader of this blog, you know that I am critical of ISM’s claims that its PMI is a good economic indicator. Well, today, we’ve got some pretty conclusive proof that I’m not wrong about it. Today, the United States Commerce Department reported that the economy contracted in the July – September 2008 quarter with GDP…

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Whitepaper Wednesday – Critical Procurement Information Requirements

I recently came across a whitepaper called “Great Expectations” from Oracle. Well, a procurement whitepaper from Oracle didn’t exactly have my expectations high for the value of the content. Sometimes, when I’m reading these whitepapers, my eyes start to glaze over because the authors try to tell CPO such basic, basic stuff about the procurement process and priorities. If the…

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Getting Started With Procurement Technology

I hope that you enjoyed the article “Procurement Technology Success Secrets.” While this article gave some advice around justifying to management a procurement technology investment and deciding which procurement technology to implement first, it represents only a small portion of what was discussed in the podcast on which the article was based. In that podcast, I had the chance to…

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ThomasNet’s Purchasing Tools

When I think to the early days of my purchasing career, I can’t help but remember one very important tool at the time – the Thomas Register, a series of humongous green books that listed suppliers of nearly every product line you can imagine. This was in the days before online supplier directories! Of course, the world has changed since…

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Whitepaper Wednesday – MRO Procurement

Welcome to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. Today, I’ll be examining a whitepaper from Global eProcure called “MRO Procurement: A Primer of Success.” This whitepaper begins by identifying all of the reasons that MRO procurement is problematic, mentioning some traditional problems as well as some interesting, less apparent tidbits such as: Typically, over 70%…

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How Will The Next US President Improve Government Purchasing?

After one brief mention of no-bid contracts in an earlier debate, I’ve been curious as to how John McCain and Barack Obama will improve the purchasing practices of the Federal Government. I’ve linked around through their Web sites and have done some Google searches to see what I could find. There is so much information on their sites, I admit…

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Are Your Payment Practices Killing The Economy?

Earlier this week, I posted about the affect of the global credit crisis on the supply chain. I wrote: “According to the news, at least, many companies rely on lines of credit to meet operating expenses. I wish I knew what percentage of businesses fall into this category…Are there a significant number of suppliers that would go out of business…

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Whitepaper Wednesday – Procurement Outsourcing

Welcome back to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. In researching today’s installment, I learned something that I found odd: UPS has a supply chain consulting operation. Yep – the package delivery folks. I would imagine that it would be tough to build a good supply chain consulting brand when you’re best known for driving…

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Supplier Financial Risk & Purchasing/AP Collaboration

I hope that you have enjoyed the article “Assess Supplier Financial Risk Now!“ Certainly the global credit crunch has caused a lot of concern about the viability of supply chains. According to the news, at least, many companies rely on lines of credit to meet operating expenses. I wish I knew what percentage of businesses fall into this category. I…

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