Does your head spin when you try to wade through the enormous offerings available for procurement software? Some companies almost give up trying to weigh the pros and cons of all the types of systems and employ an “innie minnie miney moe” approach. Don’t give up. Here is everything you need to know to make…
Avenues Trust subcontracts work for a mid-size social care provider in and around London and South East. The care provider works on an extremely tight budget, employing 800 staff members to care for 900 people. They operate about 50 homes for those with learning disabilities and mental health issues. The program has historically been underfunded,…
Many procurement professionals shy away from social media due to the overwhelming amount of information out there. It’s simply easier to manage if you avoid the up to the minute news and reports, and rely on the old newspaper or water cooler chat. However, with a few skills you can leverage this powerful tool and…
Replacing HVAC units, electrical equipment, lighting, hardware, and cleaning equipment sounds like an expensive prospect, especially for businesses struggling to recover from the recent economic recession. However, those businesses taking advantage of Energy Star products save money and increase profits in several ways.
While a company is small, procurement is simple. As the organization grows, however, the process gets muddled and becomes less efficient. For example, the federal government has grown to the point of inefficiency at which it spends $800 per American per year on goods and services! If your procurement processes seem cumbersome and inefficient, here…
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 your offices with top talent…
Truckers have a saying, “If you’ve got it, a trucker brought it.” To a large extent, this is true. Many finished products take several truck rides, beginning when the raw materials are brought to the supplier, then when the supplier sends parts to the manufacturer, again when the manufacturer ships the product to a distribution…
Businesses build a number of vendor relationships over time, and it’s easy to stick with the same one for year after year, even when they’re not meeting your needs. Ask yourself these questions to determine if it might be time for a change.
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.
Proper quality assurance measures are critical to reduce the return of goods and services to companies. When there’s an abundance of reverse logistics, it affects a number of facets of the organization, including inventory management, warehousing and storage, financials, and even losses and write-offs when you’re dealing with perishable goods.