Procurement - Articles - Page 5

Shale Gas Boom in U.S. Has European Chemical Companies Concerned About Their Costly Processes

October 6, 2014

The U.S. petrochemical resurgence is being closely watched in Europe where companies are wondering whether the deluge of North American shale gas will sap away their competitive advantage.

NASA Awards Private Industry Contracts to Build Rockets to Ferry Astronauts to Space Station

September 19, 2014

The Washington Post

NASA on Tuesday awarded a pair of much-anticipated contracts, worth up to $6.8bn combined, to ferry astronauts to the International Space Station to Boeing and SpaceX in a deal that would allow the U.S. to launch astronauts into space from U.S. soil for the first time in years.

European Retailers Could Face Another Food Scandal, Report Says

September 9, 2014

Supply Management

So-called "adversarial procurement" practices among large retailers are a threat to the "integrity of the food industry", according to a major report into the horse meat scandal in Europe.

CVS Extinguishes Tobacco Sales Earlier Than Expected, Rebrands as CVS Health

September 5, 2014

Los Angeles Times

CVS, the nation's No. 2 drugstore operator finally kicked the habit.

Lack of Communication, Planning Stunts MRO/Indirect Material Management, Study Says

August 22, 2014

Storeroom Solutions

Lack of planning and tracking of inventory, poor communications among company divisions, and underutilized or non-existent technology are among the core elements holding back manufacturers, educational and medical institutions, life sciences companies, food processors, automotive makers and facility maintenance companies from achieving world-class MRO operations, according to a recent survey completed by Storeroom Solutions Inc.

Companies Are Looking to Their CPOs for a Supply Chain Revolution

July 30, 2014

Business Reporter

Companies are looking more towards chief purchasing officers to help them understand supply chain risks, while firms which are collaborating and sharing information about their suppliers are reducing the cost of due diligence for themselves and making their business more competitive.

Supply Chain Software Market Grows 7.3 Percent; Small Vendor Sales Up 18.3 Percent

June 12, 2014

MHI

The global supply chain management and procurement software market grew 7.3 percent to $8.9bn last year, with small vendors combined significantly outpacing the overall industry growth rate, according to Gartner. Supply chain investments remained a high priority even as IT budget decision makers continued to exercise caution.

Purchasers of Industrial Supplies Make Broad Use of E-commerce, Survey Finds

May 6, 2014

UPS

A shift is underway for distributors of industrial supplies and the e-commerce experience they provide to their customers. In 2013, more than 63 percent of industrial supply buyers said they made purchases online, with half of those purchasers spending at least 50 percent of their annual budget with suppliers who have an e-commerce platform.

Strategic Sourcing, Done Right, Is Win for Everyone

April 14, 2014

ChainLink Research

Some authors have suggested that strategic sourcing is often done in a win-lose style, without true collaboration between buyer and seller. Nothing could be further from the truth, as a win-lose relationship is the antithesis to strategic sourcing done the right way. Strategic sourcing, done right, can become a real competitive advantage.

Report Details Advances in Manufacturing Commerce Network Interaction, Collaboration

March 25, 2014

IDC Manufacturing Insights

A report from IDC Manufacturing Insights evaluates the progression of commerce networks for manufacturers from traditional point-to-point communications to collaborative commerce networks that support many-to-many interactions among manufacturers and their trading partners.