Archive for January, 2011

New Construction Purchasing Book Hits Market

I have been advised that a book entitled “The Construction Purchasing Agent Handbook: The Critical Sourcing Method” has just hit the market. I’ve read a couple of chapters of the book and scanned the rest so far. Don’t miss updates on Procurement & Supply Chain, Subscribe here! What I like about this book is that it is very, very targeted.…

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The Should Cost Model – An End or a Means To An End?

I hope that you have enjoyed the article “Using A Should Cost Model In Negotiation.” Don’t miss updates on Procurement & Supply Chain, Subscribe here! This article was based on a podcast interview I did with Tim Reis, a Sourcing Manager who holds the SPSM® Certification. What I love about this article and Tim’s approach is that it makes it…

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Does Consignment/VMI/Bailment Reduce Costs Or Merely Shift Them?

An article in today’s Pittsburgh Post-Gazette revealed that the Pennsylvania Liquor Control Board has altered its system such that their vendors will own the inventory in the PLCB’s warehouses until such inventory is shipped to its retail stores. The PLCB is making this move to save money, the amount of which is calculated to be “up to $80 million in…

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How Visible Is Your Procurement Impact?

I smiled today when I walked by the desk of Next Level Purchasing’s Senior Marketing Coordinator, Megan. Here is a photo of what I saw: Don’t miss updates on Procurement & Supply Chain, Subscribe here!       Hanging this whiteboard was her idea, not management’s. As you may have interpreted, the numbers on the whiteboard reflect the major metrics…

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Paying A Supplier When There Is No Purchase Order

Back in October, I penned a post entitled “Should You Pay An Invoice That Doesn’t Correspond With A Purchase Order?” Interestingly, that question took on a life of its own when I posted an excerpt of the post on the SPSM LinkedIn Group. There are still comments coming in as recently as today. Don’t miss updates on Procurement & Supply…

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Borders Stops Paying Suppliers, Watches Stock Price Plummet

According to an article on Publisher’s Weekly’s website, the once-powerful Borders bookselling chain has suspended payments to suppliers due to cash flow problems. Of course, its major suppliers have cut off shipments until they are paid. Don’t miss updates on Procurement & Supply Chain, Subscribe here! The result? A nearly 20% one day drop in Border’s stock price. Ouch. Now,…

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