Articles

  • Supplier Segmentation Tools Help Drive Procurement Productivity

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    Download the tool.[/download_link] Today’s blog draws a comparison between Marketing & Sales and Purchasing in relation to the critical factor of segmentation. The overall objective of segmentation is to identify high-yield segments, that is, those segments most likely to be profitable or show good growth …

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  • Getting the Purchasing Information You Need When You Need It

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    Purchasing professionals have two core issues when looking to refine a supply strategy for their commodity: understanding the market and determining their best approach. This article will advocate using micro-consulting, which can speed up this process immensely. However, before talking about this, let’s review a …

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  • MEASURING PURCHASING MATURITY

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    The life of a purchasing executive is filled with doubt. I know because over the years, corporate purchasing managers have bombarded me with questions. Do I have the right tools for purchasing? Do I have all work processes in place for purchasing? Is my staff …

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  • CHEMICALS PRICE FORECAST

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    Most manufacturing industries consume chemicals or plastics as raw materials or auxiliary materials in their production plants. To simplify this discussion, I will refer to chemicals and plastics together as chemicals. Since 2012, the peak year for oil prices, Crude Oil prices have fallen, and …

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  • RISK MANAGEMENT TOOL

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    Every year, consultant companies survey purchasing leaders to understand their main objectives for the year, and regularly, risk management is listed as one of the five most important. The American National Standard for Security provides organizational resilience guidelines for security, preparedness, and continuity management (ASIS …

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  • Chemicals – Global Market Outlook

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      Chemicals – Global Market Outlook This is the third of a series of articles related to global Chemicals & Plastics, links to the previous of which can be found here: Market Analysis: Chemicals and Plastics, U.S. data for Chemicals & Plastics with past and …

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  • Plastics – Global Market Outlook

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    In a recent article published at MyPurchasingCenter called Market Analysis: Chemicals and Plastics, I provided U.S. data for Chemicals & Plastics with past and future demand along with their growth rates. In this follow-up article I will share global market data for Plastics with regional …

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  • Market Analysis: Chemicals and Plastics

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    With an extensive background in purchasing excellence and market analysis for chemicals and plastics (see bio below), I am convinced that any purchasing personnel dealing with a strategic product must perform a strategic sourcing market analysis. To demonstrate past and future demand and growth rates, …

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  • Purchasing Metrics: Tracking Cost Savings, Capital Reductions and Avoidances

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    Year after year, research studies by universities, consultants, and purchasing associations have shown cost reduction as one of a company’s three most important goals for the year. Although innovation and collaboration among business stakeholders and suppliers (SRM) continue to be part of the agenda in …

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  • Embracing Supplier Diversity: Objectives, Resources, and Framework

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    Diversity within an organization is seen as positive through many lenses: Diversity of ideas, of culture, of ethnicity, so why not also supplier diversity? Corporations have already embraced diversity within the workforce and noticed benefits from it. Many of these benefits are outlined in the …

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