The typical person may not know offhand what CPGs are (consumer packaged goods), but you can bet they interact with them every day. The CPG industry produces everyday items. These are the products you find in grocery stores, big-box stores, hardware stores, and...
Strategic sourcing has been growing in importance in the world of procurement. The traditional sourcing strategy of picking the supplier who offers the lowest cost worked for centuries but doesn’t cut it in a modern, globalized business climate. Strategic sourcing has...
Let’s talk about stress at work. It’s rarely sought after, and work-related stress can be especially problematic. When you work eight hours a day at a job (and sometimes more), there’s no escaping it. Everyone feels pressure at work (and that in itself is not...
In the old days, food manufacturers didn’t sweat the issue of finding food suppliers. They looked local and went with the lowest prices. Often, they would build a processing factory right near the fields where they sourced their raw ingredients. Canning and bottling...
The food and beverage industry is a massive one, especially in North America. According to the United States Department of Agriculture (USDA), in 2019, U.S. consumers, businesses, and government agencies spent $1.77 trillion on food and beverages in grocery stores and...
You’re a procurement professional. The company or organization you work for has tasked you to choose a strategic sourcing software that supports this new way of doing things. First of all, congratulations! The shift from reactionary sourcing to strategic sourcing is a...
Many companies are content with employing a reactive sourcing strategy. When material sourcing, their procurement team responds to requirements from the business side of the operation as they arise. That’s fine—sourcing professionals have the expertise to deal with...
It doesn’t matter what kind of business or organization you work for; if you’re part of the sourcing process, you’re working under pressure. Strategic sourcing stress is caused by day-to-day occurrences and manual process. Let’s leave strategic pressure aside for the...
This blog was refreshed on October 16, 2023. The construction industry's sourcing challenges demand diverse strategies, from traditional practices to collaborative ventures. Procurement teams must navigate complexities like changing weather, site conditions, and...
The typical person may not know offhand what CPGs are (consumer packaged goods), but you can bet they interact with them every day. The CPG industry produces everyday items. These are the products you find in grocery stores, big-box stores, hardware stores, and...
Strategic sourcing has been growing in importance in the world of procurement. The traditional sourcing strategy of picking the supplier who offers the lowest cost worked for centuries but doesn’t cut it in a modern, globalized business climate. Strategic sourcing has...
Let’s talk about stress at work. It’s rarely sought after, and work-related stress can be especially problematic. When you work eight hours a day at a job (and sometimes more), there’s no escaping it. Everyone feels pressure at work (and that in itself is not...
In the old days, food manufacturers didn’t sweat the issue of finding food suppliers. They looked local and went with the lowest prices. Often, they would build a processing factory right near the fields where they sourced their raw ingredients. Canning and bottling...
The food and beverage industry is a massive one, especially in North America. According to the United States Department of Agriculture (USDA), in 2019, U.S. consumers, businesses, and government agencies spent $1.77 trillion on food and beverages in grocery stores and...
You’re a procurement professional. The company or organization you work for has tasked you to choose a strategic sourcing software that supports this new way of doing things. First of all, congratulations! The shift from reactionary sourcing to strategic sourcing is a...
Many companies are content with employing a reactive sourcing strategy. When material sourcing, their procurement team responds to requirements from the business side of the operation as they arise. That’s fine—sourcing professionals have the expertise to deal with...
It doesn’t matter what kind of business or organization you work for; if you’re part of the sourcing process, you’re working under pressure. Strategic sourcing stress is caused by day-to-day occurrences and manual process. Let’s leave strategic pressure aside for the...
This blog was refreshed on October 16, 2023. The construction industry's sourcing challenges demand diverse strategies, from traditional practices to collaborative ventures. Procurement teams must navigate complexities like changing weather, site conditions, and...