Sourcing & Procurement



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What 2018 Will Bring to the New Retail Economy?

As the retail industry is basking in what’s predicted to be a profitable holiday shopping season, we look to the year ahead, working to stay ahead of consumer trends, emerging technologies, and disruptive changes.

Latest Sourcing & Procurement Posts

As the retail industry is basking in what’s predicted to be a profitable holiday shopping season, we look to the year ahead, working to stay ahead of consumer trends, emerging technologies, and disruptive changes.

This ebook reveals the findings of a survey of 250 retailers focusing on the state of global sourcing and supply chain management, it reveals how retailers still have a long way to go to better streamline communication and simplify their operations.

OpenText has partnered with BlockEx, a leading provider of blockchain digital asset exchange services, to jointly explore how global supply chains can leverage blockchain technology.

Risk in global supply chains has reached its highest for almost quarter of a century, consequently, CIPS has launched an online tool that supports the development of resilience in supply chains.

In recent years, Africa has emerged as a particularly attractive manufacturing option for U.S. apparel and footwear companies.

"Supply management" has typically referred to the procurement department and the broader set of supply-side processes that the function performs. However, many procurement departments, especially those in non-manufacturing firms, refer to their procurement processes as “spend management.”

Understand your suppliers' cost structures, negotiate prices effectively and strategically time purchases with commodity price forecasts, supplier cost models and buying recommendations.

In the business world, why is competition so often the norm, while cooperation seems like an impossible goal? Why do we so often settle for “better than nothing” compromises? One of the most destructive assumptions we bring to negotiations is the assumption that the pie of resources is fixed. The mythical-fixed-pie mindset leads us to interpret most competitive situations as purely win-lose.

The IBM Institute for Business Value executive report, “Chief Procurement Officer Study: Improving competitive advantage through procurement excellence” examines the practices of those select few procurement organizations that have developed and mastered the capabilities, influence and innovation that enable them to contribute to the competitive advantage of their enterprises.

Experts point to certain key traits of procurement excellence, including an overall strategic orientation, alignment with business objectives, a risk management role, and an ability to collaborate both internally and externally. Here are some insights on developing these capabilities.

Is the inbound direct materials supply chain getting the attention it deserves? How can these crippling parts shortages occur? Why is there not greater visibility into this segment of the supply chain?

For manufacturers, supplier relationship management has been proven to have a direct impact on shareholder value. Best-in-class OEMs understand that generating shareholder value requires that they outshine the competition at managing their suppliers.

The rise of questionable ethics may be partly driven by the financial crisis that began in 2007-2008. As the global economy tanked, companies became increasingly desperate to maintain and grow their business. This could be a reason why purchasing now receives more intense gifting efforts aimed at creating implied obligations.

Too often, supply chain and procurement leaders are not well-prepared for complex negotiations with key suppliers. So what does it take to get ready for even the toughest adversaries? Here are seven techniques that top supply management negotiators put into action—techniques that prove effective even when the deck is stacked against them.

At the end of 2012, GSCS had delivered significant cost savings to Weathermatic, including reducing Weathermatic’s costs by 24% within the first three weeks of engagement, and radically improved supply chain processes.