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Category: Procurement Articles

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Up Your Energy Efficiency And Save Money In The Process

Up Your Energy Efficiency And Save Money In The Process

As originally published in Water Online With electricity prices climbing each year and eating up a greater share of companies’ operating expenses, energy efficiency is rightly becoming a top priority for many municipalities and businesses. According to the U.S. EPA, drinking water and wastewater treatment plants account for about 30 to 40 percent of many municipal […]

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Getting The Lead Out

Getting The Lead Out

As originally published in Water Online The Flint water crisis was a wake-up call for government authorities, municipalities, and private entities to recognize the need to upgrade the outdated water supply systems across the nation. In April 2014, the city of Flint, MI, switched its drinking water source from Detroit’s system to the Flint River. The […]

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Grim Outlook for Oil and Gas Markets

Grim Outlook for Oil and Gas Markets

As originally published in ISM’s Inside Supply Management According to the U.S. Energy Information Administration, U.S. crude oil production jumped 26.5 percent from 2013 to 2015. This significant increase in production primarily resulted from technological advancements. Namely, hydraulic fracturing and directional drilling services have helped boost the rate at which oil and gas can be extracted, flooding […]

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Innovation in Creation: Demand Rises While Prices Drop for 3D Printing Machines

Innovation in Creation: Demand Rises While Prices Drop for 3D Printing Machines

As seen in Manufacturing Tomorrow. 3D printing technology is revolutionizing industrial and consumer markets alike by allowing the creation of parts and products that cannot easily be made through traditional manufacturing. Industrial manufacturers use 3D printers to produce automotive parts, dental implants, product prototypes and prosthetics, whereas consumers welcome the ability to design and customize items […]

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Controlling the Cost of Safety

Controlling the Cost of Safety

As originally published in Construction Business Owner. Investment in personal, protective equipment to keep employees safe comprises a significant portion of expenses for today’s construction firms, contractors and manufacturers. However, equipping workers with sufficient protective garments, accessories and safety systems is not only required by OSHA, but also reduces operational costs in the long run. So, […]

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Mining and Ag Equipment Feel the Pinch

Mining and Ag Equipment Feel the Pinch

As originally published in the October 2015 edition of  SME’s Manufacturing Engineering magazine. The success of the mining and crop farming sectors relies heavily on the use of the most technologically advanced machinery and equipment, and innovation comes with a significant price tag. However, recent events in these sectors have improved purchasing conditions for buyers. Muted demand from […]

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Copper Prices Still Falling

Copper Prices Still Falling

As originally published in ISM’s Inside Supply Management Copper prices, which are historically highly volatile, have continued their downward spiral in 2015 — the fourth year in a row. As of late July 2015, the world price of high-grade copper on the London Metal Exchange dipped below US$5,200 per metric ton, down more than 25 percent from […]

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Renting Vs. Buying: Factors to Consider When Sourcing Equipment and Machinery

Renting Vs. Buying: Factors to Consider When Sourcing Equipment and Machinery

As originally published in Construction Executive’s Managing Your Business As the economy bounces back from the recession, construction activity has picked up again and more construction firms have entered the market. Thanks to this increased activity, demand and prices for construction equipment have been rising, increasing contractors’ operating costs. Because contractors incorporate labor, machinery and […]

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Leveraging Software to Rein in Costs

Leveraging Software to Rein in Costs

As originally seen in Supply & Demand Chain Executive These days, cost management is easier and more efficient than ever with the development of an array of software products that can track and manage virtually every aspect of procurement and back-end operations. Using these solutions, companies can see how every dollar is spent and find […]

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Oil Prices Affecting Steel

Oil Prices Affecting Steel

As seen in ISM’s Inside Supply Management Despite stronger demand from the construction and manufacturing sectors, steel prices have dropped significantly since September 2014, due to declining demand from the energy sector and a recent surge in imports. After a modest gain in 2014, steel prices are expected to drop 7.1 percent this year, according to market research […]