All posts in Uncategorized

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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The Evolution of the Cloud and Its Impact on Supply Chain

Special thanks to Source One Management Services for this guest post Don’t miss updates on Procurement & Supply Chain, Subscribe here!   Cloud computing continues to rise in popularity as cloud-based technologies play a critical role in businesses by creating new competitive advantages. To start off, what exactly is cloud computing? The U.S. National Institute of Standards and Technology describes…

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Marketing Procurement: Understanding Event Budgets

Special thanks to Source One Management Services for this guest post Don’t miss updates on Procurement & Supply Chain, Subscribe here!   An event budget is a moving target. There are numerous factors influencing the final cost for your event that are continually changing throughout the course of your planning and up until the day of. As a result, oftentimes…

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President Trump’s First Major Supplier Diversity Move?

Much of the never-ceasing US political talk this week has centered around President Trump’s signing of an executive order to benefit historically black colleges and universities. Don’t miss updates on Procurement & Supply Chain, Subscribe here! According to the Portland Press Herald‘s sources, this executive order is “expected to strengthen the office that pushes the federal government to do business…

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Standard Terms and Conditions in Your RFP

I member recently asked me:  “When including your standard terms and conditions in your RFP, how flexible should you be with considering supplier exceptions to those terms and conditions?” Don’t miss updates on Procurement & Supply Chain, Subscribe here! Well, my answer to this question is similar to my answer to many procurement questions I am asked:  “It depends.” It…

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3 Steps Not to Overlook for Successful Sourcing

Special thanks to Source One Management Services for this guest post Don’t miss updates on Procurement & Supply Chain, Subscribe here!   Nowadays, strategic sourcing has become an ingrained best practice for companies looking to effectively purchase. Indeed, strategic sourcing has proven for over 30 years to be an extremely efficient process for achieving savings on direct and indirect spend…

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A Brief Look into Additive Manufacturing

Special thanks to Source One Management Services for this guest post Don’t miss updates on Procurement & Supply Chain, Subscribe here!   Additive Manufacturing, in simpler terms, is large scale 3D printing. 3D printing can be traced back to the early to mid-1980’s and has been progressing ever since. It was in the 2000’s that Additive Manufacturing became an umbrella…

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Are Your Suppliers Using This Deceptive Pricing Tactic?

Recently, four large retail stores, Macy’s, JCPenny, Kohl’s, and Sears, have come under fire for marking up items before putting them on sale.  The lawsuits they face claim that their pricing tactics are deceptive and mislead consumers on the true savings achieved. Don’t miss updates on Procurement & Supply Chain, Subscribe here! For several months, the Los Angeles city attorney’s office monitored sale prices…

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Three Signs of Difficult Stakeholders and How to Deal

Special thanks to Source One Management Services for this guest post Don’t miss updates on Procurement & Supply Chain, Subscribe here!   On paper, the sourcing process is very straightforward – collect your information/data, analyze it, develop a competent strategy to achieve targeted savings, have your stakeholders agree to said strategy, and work with your supply base to come up…

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Free Procurement Value Creation Workbook – Get Your Copy

Procurement has an incredible capability for creating value and can do so in many ways. Unfortunately, many senior executives – and, admittedly, even some procurement professionals – do not understand all of the ways that procurement can create value. Don’t miss updates on Procurement & Supply Chain, Subscribe here! In this workbook, you’ll learn 10 ways that procurement can create…

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