Archives

Category Archive for: ‘Strategic Sourcing’

  • Engaging Purchasing Stakeholders: A Framework that Works

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    The recent Deloitte Global CPO survey 2018 contained several surprising results. Foremost among them for me was the low level of purchasing engagement between businesses and functions, that is, the purchasing stakeholders. Purchasing stakeholders, by my definition, are the people in businesses or functions who …

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  • Artificial Intelligence in Procurement: How will it affect you?

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    On a daily basis, we see artificial intelligence (AI) impacting our lives, and its advancement is not slowing. It’s already at work in iPhone’s SIRI and Amazon’s Alexa. It’s just around the corner in self-driving cars (an area where my engineer son works) and in …

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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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  • Price Forecasting: Who Needs That?

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    Common wisdom says that any price forecast is already wrong the moment it is published. I can only smile and agree with this. If people were able to predict the price of anything, they would be billionaires and very well known by now. I’d like …

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  • How to Inform Price Changes to Business

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    Do raw materials have a major impact on your company costs?  If so, any of your business colleagues worth their salt will want to know ASAP when their raw materials undergo a price increase. Of course, for raw materials with big spend dollars and high …

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  • Spend Management: A Necessary Evil?

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    Several articles and white papers have been written about spend management and spend analytics. Let’s use Wikipedia to define each one: Spend analysis is the process of collecting, cleansing, classifying and analyzing expenditure data. Spend management is the way in which companies control and optimize the money …

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