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Image via Flickr by GovernmentZA There are tons of terms related to procurement, many of which are so commonplace or self-explanatory most people don’t need a glossary to understand them. Here is a list of key procurement terms, especially acronyms, that can be confusing without a definition.Oops! You don’t have permission to view this page!…
Image via Flickr by Free Grunge Textures Growth in U.S. manufacturing is on the rise, while Europe and Asia’s manufacturing sectors are on the decline. The U.S. indices by Markit and the Institute for Supply Management indicated the U.S. manufacturing activity climbed to 53.2 in February, which marked a turn from the downward trend seen…
Image via Flickr by photologue_np If you conduct a Google search of “U.S. talent shortage” you’re going to get approximately 6.5 million results. What does this mean for your business? It means the talent shortage is real, and you need to take steps to assure your company’s success in the coming years. You can fill…
Image via Flickr by Cesar Rincon In the late 1980s, things looked good for the newly formed corporation Unisys. The company was boosting its workforce, increasing its product offerings, and acquiring other companies, such as Timeplex. It seemed Unisys would soon be challenging the computer giant IBM for top spot among U.S. computer manufacturers.Oops! You…
Image via Flickr by rijans In April, Bangladesh garment factories captured worldwide headlines when a factory collapsed, killing 1,200 workers. Just one day before the collapse, an engineer was arrested for his allegations of unsafe working conditions there. The vice president of the Bangladesh Garment Manufacturers and Exporters Association, Shahidulla Azim, told the Associated Press,…
Image via Flickr by thetaxhaven Whether you have 20 years of procurement experience or you’re new on the supply chain scene, negotiating contracts with suppliers is often intimidating and stressful. Procurement professionals aren’t always trained in the art of negotiation, although the salespeople they’re working with are usually very well-trained. These easy steps will give…