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Procurement: Implementing a Strategic Materials Supply Strategy for Manufacturers
Implementing A Strategic Procurement Plan for Manufacturing Materials Can Deliver Exceptional Savings Implementing a global procurement materials strategy in any manufacturing business can yield cost savings to the company that can be applied directly to its bottom line results or when necessary be utilized to enhance its competitiveness by sharing part or all of the savings with its customers. Most...
Procurement: Fun with Procurement Math!
FUN WITH PROCUREMENT MATH… Manufacturing and selling products that have reached the peak of their market repositions the products into a class of products usually referred to as “commodities”. This usually means that the market for this category of products is saturated and any growth potential for increasing sales is usually achieved at the expense of a competitor’s product...
Procurement: Celebrating a successful business day in China
What is expected of you when you are the “Guest of Honour” for a dinner engagement after a long day of business activities? Dinner is an important part of the Asian culture. It is a time when everyone gets together and shares good food, spirit and stories. The same goes for a business dinner however it is also a time...
Procurement: Facetime, how important is it in Asia?
Face-time, how important is it in Asia? Anyone working in a company that participates in the global economy is very aware of the time commitment required to make the sales or procurement relationships work. It is common practice for manufacturers to meet their local materials suppliers one-on-one at least once per year and sometimes more often. In addition the manufacturer...
Procurement: Why do small and medium enterprises avoid a global procurement strategy?
Working in a global economy transforms a company and the people within it. The rules of engagement are different and as a result the expectations are greater. Participation in a global materials procurement marketplace will challenge the organization in many ways and here is a list of the most common activities that management and staff will need to prepare themselves...
Procurement: North American Supplier Consolidation
North American Trend: Materials Supplier Consolidation Problem: In many industries supplier options in North America have been declining. Manufacturing consolidation is a trend that reduces competitive options to materials procurement specialists, especially in the small to medium sized enterprises (SMEs). The consolidation of any supplier manufacturing base reduces the competitive options for the supply of materials, shifts the negotiation power...
Travelogues
TRAVELOGUES Whenever you travel to a distant land everybody you know wants you to share that experience upon your return. Their curiosity varies but most are interested in how I adapted to the different culture, worked where English or French may not have been the language of choice and what the food like and did I like what I ate....
Community Involvement
Giving Back Getting involved in the communities you live and work in is very important to your success and self worth. We are mentored every step of the way in our life’s activities (sports – coach, career – boss and co-workers, education – teachers, etc…). As we mature and become confident in ourselves it is important to give back to...