Vendor Risk Management
The last decade has yielded many events, forces, and elements in which a greater concern and scrutiny of the concept of Vendor or Supplier Risk Management has risen. At the forefront are driven for Cost [...]
The Must Know Components of Inventory
Simplifying things, inventory refers to things that are being temporarily stored because they are not quite ready to go elsewhere. Inventory can be things that your organization plans to sell in its current conditions. Inventory [...]
Preparing To Negotiate With Salespeople
One of the things that I teach in our online course “Powerful Negotiation For Successful Buying” is negotiation preparation techniques. Don’t miss updates on Procurement & Supply Chain, Subscribe here! Among the many things you [...]
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…Don’t miss updates on Procurement & [...]
One Technique, $2 Million In Savings?
Yes, you read that right.Don’t miss updates on Procurement & Supply Chain, Subscribe here! One of our recent graduates of the Senior Professional in Supply Management® Program has reported that by applying just one technique [...]
Cost Savings vs. Keeping A Supplier In Business
For those of you who need one, a bad economy is a great excuse to beginning procurement negotiations with your suppliers. But a bad economy also means that some financially weaker suppliers may be on [...]
3 Pillars and benefits of Sustainability
Sustainability is the capability to continuously conduct certain activities indefinitely. The study of sustainability is evolving and is often viewed in three dimensions known as the Three Pillars of Sustainability. [...]
Purchasing Job Update
If you were one of the first people to get the last purchasing resource, you may have visited our purchasing jobs page before we added a few new job postings. [...]
Recognition & Value: A Paradox?
I occasionally receive email from people who say that they don’t know anyone who has ever heard of the SPSM Certification and question its value. Don’t miss updates on Procurement [...]
Just Starting Out
Hi everyone!Don’t miss updates on Procurement & Supply Chain, Subscribe here! If you want up-to-date views on the latest happenings in purchasing and supply management or want to share your [...]
Email Guidelines
I hope that you have enjoyed the article “Email Guidelines For Purchasing Professionals.” Don’t miss updates on Procurement & Supply Chain, Subscribe here! Here’s a challenge…look at five emails you’ve [...]
Evaluation of Supplier Size
I am working on a new article for the FREE Purchasing Resources Program on evaluating supplier size. There are problems when you select a supplier that is too big. There [...]
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