Source One Round Up: June 3, 2016
Here's a look at where Source One's cost reduction
experts have been featured this week!
Aligning Procurement Strategies to Business Goals - Part I and Part II
What is your procurement organization's approach to category management? Do you approach contract management, vendor relationships, strategic sourcing, etc the same across spend categories? If so, you may want to reconsider the variances in the categories and how they affect your procurement strategy. This week, Source One Project Manager Torey Guingrich breaks down a model for category management formulated by Peter Kraljic. In part one, of the two part series, Guingrich explains the fundamental importance of ensuring procurement in aligned with the needs of the greater organization and this impacts category management. Elaborating further on the concept in part II, Guingich explains how to approach category management as it relates to the level of criticality to the business and availability in the market.
5 Procurement Strategies for Small and Mid-Sized Businesses
While juggling various business needs, including staffing, financing, inventory management, marketing, and more, procurement can fall to the wayside for small business owners. However, even basic changes to a procurement process can cut procurement costs by 5-15 percent. With that in mind, Source One Project Analyst Anthony Ott shares 5 procurement strategies for small businesses.