Industry Insights

Procurement Pro Industry Insights
Industry Insights

Creating a Competitive Edge with Emerging Technologies: Q&A with Advanced Robotics for Manufacturing

The non-profit Advanced Robotics for Manufacturing (ARM) launched in 2017. Its goal is to accelerate the adoption of new technologies and ensure the U.S. workforce has the skills required to work with emerging technologies. On September 4, 2019, ARM became one of the anchor tenants at Carnegie Mellon University’s innovation hub Mill 19 at Hazelwood

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Industry Insights

Why Smart Sensor Tech In Building Design Should NOT Be An After Thought

When we think about the tech-related additions that are made possible due to smart sensors, such as lights turned on automatically when you walk into a room or air conditioner in a conference room turned on when a certain number of people enter the room, it’s safe to say these extras are becoming common and

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Industry Insights

Is Your Engineering Career Ready for 5G?

Will 5G really create more jobs? Industry experts say “yes.” And if you’re currently an engineer studying telecommunications or enmeshed in the field, it might be time to consider the impact 5G will have on the future of employment. How much of an impact 5G will have on industries as a whole is widely debated.

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Industry Insights

5 Things You Absolutely Need to Know About the Modern-Day Procurement Professional

If you were under the impression that procurement was merely about purchasing “things” and negotiation contracts, you were incredibly wrong. The procurement professional plays a critical and instrumental role in a company’s success. There are many misconceptions like this about the entire procurement process: from procurement 4.0 to modern slavery to cybersecurity. We had the

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Industry Insights

6 Warning Signs of a Bad Supplier

As supply chain and procurement professionals, you’re always looking for the “best” supplier. The ones that are going to communicate with you, offer great performance metrics, and, as an added bonus, some low prices.   You’ve probably read a lot about what you should be looking for in a supplier, but now it’s time to explore

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Industry Insights

What is a Last Time Buy and How Can it Work to Your Advantage?

Going once, going twice…. It can be a procurement professional’s worst dilemma: A trusted OEM partner announces a time-tested and often-used part is being discontinued. How many parts should you buy before the component reaches obsolescence? Should you consider other sources? The situation often leads to what is called a “last time buy.” But, exactly

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Industry Insights

What Salary Can Procurement Professionals Expect?

Are you looking for a highly lucrative and challenging field? Or maybe you’re already a procurement professional and are changing companies. Perhaps you’re in the midst of salary negotiations with your current firm. Whatever your career situation right now, you can give yourself the upper hand by knowing the average salary of procurement professionals nationwide.

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Industry Insights

How To Prepare for a Demand Planner Job Interview

Demand planning is a supply chain-related position that involves forecasting the demand for products or services in order to have that product or service developed and delivered more efficiently. It’s one of the vital steps in supply chain planning which is centered around understanding what the demand for something is now and predicting what it

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Industry Insights

Engineers and Procurement: Is it Time to Redefine the Relationship?

Given that procurement paves the way for smoother processes up and down the supply chain, any strategy that helps strengthen will benefit an organization. Here’s how engineers can help. Since companies’ bottom line is to make all their processes   from cradle to grave   more efficient, it makes sense to review all aspects of

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Industry Insights

Capacitor Shortages Continue Through 2019

By Dawn Allcot Those who were hoping multi-layer ceramic capacitor (MLCC) shortages would resolve in the new year and supply would catch up with demand will see little relief through 2019. In fact, industry experts are predicting shortages could continue through 2020. Motor vehicle and smartphone manufacturers may be able to procure the MLCCs they

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