Archive for April, 2018

Social Harmony is Becoming More of a Business Priority. Should it be an International Procurement Priority?

One of the biggest social-business stories in recent memory was the April 12, 2018 trespassing arrest of two African-American men in a Starbucks after they refused to make a purchase or leave.  The matter was widely regarded as an issue of racial discrimination.  Therefore, Starbucks made the decision to close all 8,000 of its stores on May 29 to provide “racial-bias…

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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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