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Blog2021-11-16T05:54:27-04:00

Vendor Risk Management

September 18th, 2023|Comments Off on 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

September 18th, 2023|Comments Off on 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

September 18th, 2023|Comments Off on 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

September 18th, 2023|Comments Off on 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?

September 18th, 2023|Comments Off on 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

September 18th, 2023|Comments Off on 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 [...]

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. [...]

September 18th, 2023|Categories: Procurement|

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 [...]

September 18th, 2023|Categories: 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 [...]

September 18th, 2023|Categories: Procurement|

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 [...]

September 18th, 2023|Categories: Procurement|

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