February 2, 2018

Here's a look at where Source One's cost reduction experts have been featured this week!

Recent Blog:

Samantha Hoy, Next Level Purchasing, 1/31/2018
There are obvious benefits to building an international supply chain.  Companies in countless industries have found that taking their operations overseas produces new savings and efficiency.  Sourcing globally, however, presents its own share of risks and complications.  Samantha Hoy discusses some of the issues Procurement professionals might run into during an international expansion.  Research is important for any Strategic Sourcing initiative, but Hoy suggests it is all the more crucial when purchasing goes global.  In addition to the obvious considerations of language and time barriers, it's important Procurement professionals look into laws and regulations that will impact operations.

Recycling Efforts in Trouble Due to the Political Climate?
Brian Seipel, Sourcing Innovation, 2/1/2018
The United States exports more than $5.5 billion worth of recycled materials to China every year.  We're not the only country that sends China our scrap.  According to the International Solid Waste Association, more than half of the world's recycled paper, metal, and plastic finds its way there. As the result of "excessively contaminated" shipments, China is reportedly considering bans on scrap imports.  American Procurement professionals in markets that rely on recycled materials have to plan ahead. Strengthening quality controls in the near future could alleviate China's concerns before bans are put in place.  In the event of bans, however, Procurement will have to consider alternative markets.

Recent Podcasts:

LTL Procurement: Insights and Best Practices
In every industry and spend category, Procurement initiatives rely on apples-to-apples comparisons.  Assessing suppliers on a level playing field is the only way to determine the true strategic value of their product and service offerings.  These comparisons are particularly hard to come by in LTL logistics.  In this category, carriers have developed their own proprietary pricing and discount structures.  Ken Ballard, a Senior Consultant and logistics expert, joins the Source One Podcast to discuss navigating the category.  With his insights, you'll find it's far from impossible to achieve an apples-to-apples comparison in the category.

As Procurement continues to reveal its strategic value, companies are devoting more and more time and resources to recruiting and hiring Procurement talent.  Too few, however, are taking the same pains to retain their new hires.  They are learning the hard way that a best-in-class Procurement team won't do them any good if every member is looking for the door.  Senior Project Analyst Nick Harasymczuk joins the Source One Podcast to discuss methods for ensuring young Procurement professionals stick around and reach their potential.

Upcoming Event:

On February 8th, Jennifer Ulrich will address the Institute for Supply Management's Philadelphia Chapter as a keynote speaker. An industry-recognized authority on Procurement Transformation and Category Management, she will deliver a presentation entitled Sustainable Category Management Solutions.  Category Management, Ulrich suggests, could be the next stage in Procurement's ongoing strategic evolution.  She'll discuss methods for optimizing Procurement talent, developing strategic relationships with stakeholders, and communicating Procurement's value internally.

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