NLPA Blog

Procurement’s Digital Transformation

One of the hot buzzphrases in 2018 is “digital transformation.” The phrase is often used in business contexts.  For example, I really like the definition that The Enterprisers Project uses on their website:  “Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers. It’s also a cultural change…

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Pallet Sourcing 101: A Quick Win for Cost Reduction

Special thanks to Source One Management Services for this guest post When you think of cost savings opportunities in critical supply chain categories, the first spend area that comes to mind is generally not pallets. Typically the focus for “big hit” cost savings opportunities in manufacturing operations stems from categories such as Power Transmission Supplies, Electronic Components, Industrial Supplies and so on.…

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Concept of Novation in EPC (Engineering, Procurement & Construction) Industry’s Contracts

INTRODUCTION:  Doing Business is very challenging, Clients / Owners are finding all best ways to minimize their Cost and Schedule of building Energy Sector Plants. Novation of Contracts / Purchase Order to EPC Contractor is one of the best techniques in Energy Sector to reduce cost and minimize schedule risk. Building a large Plant required Budget in Billions of Dollars,…

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Purchasing & Supply Management Salaries, Bonuses Hit Record Highs!

Yesterday, I had the pleasure of doing one of my all-time favorite NLPA activities:  presenting the annual Purchasing & Supply Management Salaries webinar! I always put my heart and soul into discovering new characteristics that influence purchasing and supply management salaries.  And I always get charged up when I get to reveal good news in the profession.  Such was the…

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Trump’s Tariffs Hit Metals, Then China. Could The Service Industry Be Next?

Earlier this month, US President Donald Trump announced 25% tariffs on steel imports and 10% tariffs on aluminum imports.  According to Yahoo! Finance, he plans to “impose tariffs on $50 billion worth of Chinese imports.” With Trump, one gets the sense that, if he gets on a roll, he’s going to stay on a roll.  So, what’s next? An article…

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Will The “Inclusion Rider” Become A Common Procurement Thing?

After winning the Oscar award for best actress earlier this month, Frances McDormand ended her acceptance speech by saying “I have two words to leave with you tonight, ladies and gentlemen: inclusion rider.” This set off a frenzy of Google searches to find out exactly what an “inclusion rider” is.  As NPR put it, an inclusion rider is “a stipulation that…

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Advanced Procurement Is Tough. Are You?

When the NLPA launched the SPSM-BOK Mastery Model in 2014, one of the important principles we wanted to convey is that some procurement competencies are more advanced than others and that there should be a path to mastering those competencies in an optimal order. So, we recommend starting one’s procurement education path with the online course “Mastering Purchasing Fundamentals.”  It covers…

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E-L-What? Electronic Logging Devices

Special thanks to Source One Management Services for this guest post Since late 2015, the trucking community has been permeated with discussions of the impact of the ELD mandate. Now that the mandate compliance is in the “phase-in” phase, trucking companies are faced with some critical questions: How will this regulation impact my business? What rate increases, capacity decreases, and haul time…

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Attend The “Purchasing & Supply Management Salaries in 2018” Webinar!

The most anticipated presentations of procurement research are back for their eighth year:  The NLPA’s annual “Purchasing & Supply Management Salaries” report and webinar! You are invited to attend the webinar, “Purchasing & Supply Management Salaries in 2018,” on March 27, 2018, at 11:30 AM Eastern US Time. By attending this webinar, you will be the first to learn of…

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Do Stakeholders Think You Love A Supplier Too Much?

Happy Valentine’s Day! No other day of the year screams “love” quite like Valentine’s Day.  So, let’s talk about love and procurement. Specifically, let’s talk about whether stakeholders think you “love” an incumbent supplier too much to be unbiased.  Many stakeholders are often suspicious that you choose the supplier that serves them based on “personal” reasons, not just business reasons. …

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