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Image via Flickr by Marcin Wichary 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…
Image via Flickr Michel Curi The trucking industry is crucial to the success of the American economy. Shipping by truck is typically less expensive than air freight. In addition, trucks can reach more locations than container ships, rail cars, and other types of transportation. That’s why it’s not surprising that the freight truck industry is…
Image via Flickr by btckeychain The start of the most recent U.S. recession (2008), marked the beginning of an almost unfathomable payment method: a software-based currency known as the Bitcoin. Since then, the virtual coinage has incited a spectrum of protestors and followers whose reactions range from chagrin to downright satisfaction. Currently, some companies deny…
Image via Flickr ProgressOhio Over the past few years, advocacy organizations and consumers alike have brought attention to slave labor and other forced labor situations present in supply chains. As a result, many companies have committed to researching their procurement line to ensure that they don’t rely on these practices. Now, President Obama has signed…
Image via Flickr by Simon_sees In its latest manufacturing move, General Electric Co. (GE) will invest $50 million in a U.S.-based 3D printing plant. The facility aims to produce high-tech plane parts, including jet engines. It’s a move that’s on course with the aviation industry’s current direction.Oops! You don’t have permission to view this page!…
Image via Flickr by David Pierce North America has seen some pretty bizarre weather this year. Right now the east coast is seeing record low temperatures as cold, dense air flows down from the Arctic. These freezing conditions are causing havoc for the transportation industry. In addition, several crops are threatened, causing commodity prices to…