While it is crucial for businesses to understand how they are sourcing materials and to manage spend effectively, it turns out there is a lot of confusion around the procurement process, according to a recent Google survey conducted by AmeriQuest...
Companies that have world-class procurement organizations enjoy a number of competitive advantages.
According to a new study by The Hackett Group, Inc. these companies generate more than twice the return on investment. They also have 18% low...
Follow these no-nonsense guidelines to hiring people who will not only fit into your organization, but do all they can to ensure its success.
VW and other large OEMs are learning that they don't have all of the leverage in their relationships with suppliers.
Avoid these three most common risks that companies create for themselves in the supply chain.
Don’t assume that OEMs have the power to call all of the shots. Suppliers have more leverage than they know.
There are usually no easy paths for doing things the right way, a lesson learned by those companies that got involved in online auctions.
The needs of MRO buyers are changing quickly, and it’s a challenge for sellers to keep up. Case in point: 72% of industrial products buyers would switch suppliers for a better website.