Introduction In the first three months of 2019, U.S. manufacturers have already recalled more products than they did in all of 2018, according to an analysis by consulting firm Kearney. The uptick comes after more than a decade of gradual declines. U.S. manufacturers are on pace to recall more products than they have since 2018,...
Introduction Procurement is a critical aspect of supply chain management. It helps organizations acquire the right products, at the right prices and in the right quantities. It’s also one of the most important cost-saving levers available to businesses today. Yet it’s not always as effective as it could be. In fact, many companies are still...
Introduction Flu season is here, and you know what that means: employees will be staying home sick with the flu or some other virus for days on end. The question is: how do you keep your office running smoothly when so many people are out? The answer is simple: by taking precautions to keep everyone...
Introduction As a buyer, you probably already know what a punchout site is. The term refers to an electronic store that allows you to create a shopping cart of items through your supplier’s site and have them approved through your procurement platform. Once approved, the order is automatically fed back into the system of record...
Introduction You may have heard about the benefits of standardizing your purchases, but maybe you aren’t sure how it will help your business. Let me explain how having a standardized purchasing process can make your life easier and more profitable! You’ll save time Standardization reduces the time it takes to do things because you only...
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