Procurement

Why is it important to define the payment terms clearly in the purchase order?

Why is it important to define the payment terms clearly in the purchase order?

With the globalization of supply chain, purchasing principles, practices and strategies are continuously changing. Take any item of daily use like a car, scooter, TV, air conditioner, washing machine, laptop, cordless telephone, mobile or anything one may think, the terms of payment is an important consideration in purchasing among various other issues to be considered. The price quoted by the […]

by · March 12, 2016 · Procurement
Is the writing on the wall for marketing procurement professionals?

Is the writing on the wall for marketing procurement professionals?

In a surprise announcement made last week PepsiCo announced that they are to shut down their marketing procurement department. The question is why and in absence of an explanation from PepsiCo themselves there is plenty of conjecture about. Brand teams to take over marketing procurement What PepsiCo have said is that they are shifting the responsibility for marketing procurement back […]

by · December 21, 2015 · Procurement
The evolution of the procurement function and the CPO to meet new global demand

The evolution of the procurement function and the CPO to meet new global demand

Today’s top Chief Procurement Officers (CPOs) do so much more than simply procure. It’s not simply about buying goods and services, it also about helping to nurture your suppliers. If you look at how the Chartered Institute of Purchasing and Supply describe procurement they say, “Procurement and supply management involves buying the goods and services that enable an organization to […]

by · December 14, 2015 · Procurement
The challenges facing tomorrow’s procurement professionals

The challenges facing tomorrow’s procurement professionals

According to research recently carried via the “2015 Return on Supply Management Assets,” the best performing procurement departments both in Europe and the United States are delivering financial benefits worth more than 7.5 times the cost of the investments sunk into the supply chain procurement process. Procurement team performance in supply chains across Europe and the US The research document […]

by · December 10, 2015 · Procurement
Cultivating “big data” and “advanced analytics” to widen procurement window of opportunity throughout the supply chain

Cultivating “big data” and “advanced analytics” to widen procurement window of opportunity throughout the supply chain

Much is being said right now on the subject of “big data” and advanced analytics although the majority of supply chain managers are not quite sure what either of these terms means that is why Patrick Connaughton and Chris Sawchuk of the Hackett Group have created and issued a new research note entitled “What Chief Procurement Officers Need to Know […]

by · November 2, 2015 · Procurement
Supply Chain negotiation using spreadsheets

Supply Chain negotiation using spreadsheets

In all of the hype about supply chain management and cloud based operating platforms, simple solutions such as using spreadsheets to improve communications with other departmental heads seems to get overlooked. But according to Alexandra Moschell in a recent article she wrote in “Inside Supply Management,” a magazine published by The Institute of Supply Management, spreadsheets can play an important […]

by · October 21, 2015 · Procurement, Supply Chain
The importance in supply chain of good Supplier Enabled Innovation

The importance in supply chain of good Supplier Enabled Innovation

Procurement-Leaders.com is a membership community of top supply chain executives who have banded together to form a global intelligence network. Their analysts have just completed a study that indicates that many businesses are failing to capitalize on the potential contributions from their supply bases. In what ought to be a desirable aim, businesses are not drilling down into their suppliers […]

by · July 30, 2015 · Procurement
Evaluating Sourcing and Procurement Software

Evaluating Sourcing and Procurement Software

Sourcing and Procurement (SAP) are the fundamental roots of supply chain management. As disciplines they are very often talked of in the same vein but each has its own meaning. In its broadest sense, procurement is taken to cover the whole procurement process from start to finish; a process which can be broken down into several sub-sections – of which, […]

by · June 30, 2015 · Procurement
Giving sourcing and procurement the recognition it needs and deserves

Giving sourcing and procurement the recognition it needs and deserves

In a recent think tank meeting of top supply chain managers, drawn from a cross section of industries and tasked with reviewing the most important challenges facing today’s supply chains, and sourcing and procurement in particular, the most important consideration for the future, was deemed to be having the right people in the right positions at the top of the […]

by · June 17, 2015 · Procurement
Supply Chain Management must learn to deal with the increased global risk factor

Supply Chain Management must learn to deal with the increased global risk factor

The Quarter One Global Risk Index 2015 compiled by the Chartered Institute of Procurement and Supply (CIPS) warns of a minefield of risks to supply chain management and managers that could lead to significant supply chain disruptions in the near future. The Quarter One Risk Index recorded that global risk is being heightened by falling commodity prices which are impacting […]