Archive for 2008

Supplier Financial Risk & Purchasing/AP Collaboration

I hope that you have enjoyed the article “Assess Supplier Financial Risk Now!“ Don’t miss updates on Procurement & Supply Chain, Subscribe here! 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…

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Calculating Inventory Carrying Costs

Inventory carrying costs drive decisions such as order quantity, order timing, and so forth. Most experts agree that inventory carrying costs are between 18 and 35% of the inventory’s value. But how is that percentage calculated? This vlog answers that question. Don’t miss updates on Procurement & Supply Chain, Subscribe here! To Your Career,Charles Dominick, SPSMPresident & Chief Procurement OfficerNext…

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eProcurement for Free?

I recently received a press release from Bellwether Software indicating that they are offering a trial of their SaaS eProcurement product for free. I’d love to know if any of you take up this offer and what your experience is like. Here’s the press release: Don’t miss updates on Procurement & Supply Chain, Subscribe here! October 1, 2008Press ReleaseLouisville, KY…

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Whitepaper Wednesday – Profit Growth Through Procurement

Welcome to another installment of Whitepaper Wednesday on the Purchasing Certification Blog. Today’s installment will focus on a whitepaper from SAP called “Enabling Profitable Growth Through Procurement: Transforming The Sourcing & Procurement Organization.” Don’t miss updates on Procurement & Supply Chain, Subscribe here! At first, I didn’t think I was going to be able to extract much noteworthy from this…

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Struggling To Manage Commodities Prices? Don’t Miss This Article & Podcast!

I hope that you have enjoyed the article “Commodities Prices: Managing The Insanity.” Don’t miss updates on Procurement & Supply Chain, Subscribe here! This article was based upon an interview I conducted with Ariba’s Mike Petro. I had become inspired to interview Mike after he wrote this profound statement on Supply Excellence: “The days of holding annual negotiations to set…

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Forget Google – Try PurchSearch!

This week, we released a new search engine designed specifically to help purchasing and supply management professionals save time, avoid frustration, and improve the quality of their research. This search engine is called PurchSearch and can be found at . Don’t miss updates on Procurement & Supply Chain, Subscribe here! So why is there a need for a new search…

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Whitepaper Wednesday – Environmental Responsibility

Welcome back to another installment of Whitepaper Wednesday on the Purchasing Certification Blog. Don’t miss updates on Procurement & Supply Chain, Subscribe here! Today, I’m linking you to a whitepaper entitled “Spend Management for Environmental and Social Responsibility” from Ariba. This whitepaper shares a top ten list of activities for getting started with environmental responsible procurement. While it is short,…

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Purchasing: Marketing’s Secret Weapon?

Should the Marketing or the Communications Department step in and prevent you from speaking to trade publications? Don’t miss updates on Procurement & Supply Chain, Subscribe here! Or could sharing your purchasing success story help the company actually increase its sales? Those are a few of the issues that I rant about in this new vlog: To Your Career,Charles Dominick,…

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SPSM program called “the most current and world-class supply management course”

With the current economic situation, it seems like every purchasing department is struggling to achieve measurable benefit for their organizations. Everyone is looking for some tactic, stratetgy, or service that can make a positive difference. In light of that, I just thought that I’d share this feedback from a recently certified SPSM, who gave us permission to publish his comments.…

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The Supply Risk You Need To Address Before Leaving The Office Today

Wednesday night, President Bush warned of the possibility of a “long and painful recession” if government doesn’t step in to save the US financial system. While many observers wrote off this threat as another of Bush’s “weapons of mass destruction” scare tactics, yesterday’s failure of Washington Mutual – the largest bank failure in US history – underscores the fact that…

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