Source One's series for keeping up with the most recent highlights in procurement, sourcing, and supply chain news week to week. To stay updated on the latest supply management articles, check in with us every Monday.Calculating the True Cost of Safety Complacency in Your Operation
Megan Urbas, Corporate United, 2/16/2017
As the role of procurement professionals expands beyond cost-reducing efforts, the responsibilities included in the profession are increasing and the influence procurement has in other areas is becoming more significant. While safety culture isn't a direct responsibility, suppliers and facility management is, and as an extension of your organization's safety culture, you'll want to ensure suppliers and facilities meet local, regional, and national regulations to avoid costly fines and mitigate risk.
Standard Terms and Conditions in Your RFP
Charles Dominick, SPSM, SPSM2, SPSM3, Next Level Purchasing, 2/15/2017
Any procurement expert can argue that multiple factors of the RFP depend on specific details based on the organization and their individual goals, and can rarely be standardized. The terms and conditions for the RFP are mainly dependent on the market, and while they can be similar across other businesses that prospect suppliers are working with, these can still differentiate depending on the client. If a supplier can't agree to the terms and conditions you've provided in the RFP, the can be disqualified from the process fairly easily.
Do College Grads Have The Right Degrees For Today's Manufacturing Workforce?
Michael Cosgrove, ThomasNet, 2/15/2017
While the strategic sourcing function can contribute to just about any area of an organization, it is also influenced by many industries, including manufacturing. During the RFP stage of the sourcing process for direct materials or engineered products, procurement experts work directly with manufacturers as potential suppliers for these products. Recently, the industry has seen changes that are altering it's capabilities to be much more involved, creating a skills gap that manufacturing companies are responding to with worker training programs.