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Category: Procurement Articles

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Procurement, Are You Driving Your Organization Forward?

Procurement, Are You Driving Your Organization Forward?

As indirect procurement continues climbing — growing $4.9 trillion per year as of 2017 — and roughly $649 billion of all indirect spend gets wasted, the need for market intelligence is obvious. Making informed decisions is a crucial aspect of the procurement role, as is minimizing time spent researching, becoming a market expert and go-to […]

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The American Red Cross’s Journey to Better Practice Supply Management

The American Red Cross’s Journey to Better Practice Supply Management

Head of Procurement and Supply Management at American Red Cross The American Red Cross is on a journey to better practice Supply Management, and it is measuring its progress by comparing itself against the top 10% of all Supply Management organizations across all industries. With this in mind, Supply Management has focused its efforts on […]

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The Massive Problem at the Heart of SRM

The Massive Problem at the Heart of SRM

Senior Business Consultant at POOL4TOOL & Procurement Blogger We all know what SRM stands for: Supplier Relationship Management.
 But do Procurement practitioners know what it really means? Definition is where we run into our first issues, so let’s look at common meanings: Wikipedia: SRM is “the discipline of strategically planning for, and managing, all interactions […]

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Are Wastewater Treatment Prices On The Rise Following The Election?

Are Wastewater Treatment Prices On The Rise Following The Election?

As originally published in Water Online Over the course of the 2016 presidential election, President-elect Donald Trump has presented to the American public his energy and economic plans, which are geared toward establishing energy sovereignty and increasing the pace of job creation in the nation. In his push for energy independence, Trump has suggested lifting […]

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Indirect Influence: Drive your Marketing Spend with Procurement

Indirect Influence: Drive your Marketing Spend with Procurement

Author of Confessions of a Professional Buyer, the Secrets about Selling and Purchasing Services Historically, procurement’s main focus has been on reducing raw material and component prices. And given the high volume of components associated with manufacturing production, the impact of price reductions has been known to directly influence companies’ bottom lines. In this context, […]

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Steel Costs Predicted to Rise After Hitting Record Low

Steel Costs Predicted to Rise After Hitting Record Low

As originally published in Construction Executive’s Managing Your Business In March, the price of steel in the United States hit record lows, bottoming out after several years of volatile declines. In fact, during the past three years alone, IBISWorld estimates the price of steel has dropped at an annualized rate of 7.1 percent. Declining steel […]

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Blowback From Flowback: Push For Groundwater Alternatives

Blowback From Flowback: Push For Groundwater Alternatives

As originally published in Water Online About 50 percent of the nation’s residents source their fresh water supply from groundwater wells, which have deteriorated throughout the U.S. over the past decade. For shallow wells, severe drought conditions have gradually depleted groundwater levels. However, for medium and deep wells, water levels have plummeted much more as […]

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The Tightening Labor Market

The Tightening Labor Market

As originally published in ISM’s Inside Supply Management Despite benefiting from an overall expanding economy, some U.S. businesses are facing a growing labor shortage. According to the most recent data from the U.S. Bureau of Labor Statistics, there were only 1.4 unemployed individuals per job opening in June. This figure is down from the 1.6 unemployed persons […]

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Highlighting the Value of the Procurement Department

Highlighting the Value of the Procurement Department

Owner and Editor of Buyers Meeting Point Professional procurement teams have struggled for years to demonstrate the total value of the function. Most people in an organization automatically associate procurement with savings, and while this continues to be a very high priority, savings does not begin to capture the full impact procurement can have on […]

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Procurement and Intelligence

Procurement and Intelligence

Author and Founder of Cottrill Research LLC Procurement, in its continuous effort to be transformative and achieve higher levels of strategic value, understands that it is essential to systematically integrate intelligence into its many functions. The term intelligence often gets bantered about in best practices literature, but what exactly is meant when it is used, […]