Sourcing Strategies

Procurement Pro Sourcing Strategies
Sourcing Strategies

3 Close-to-Home KPIs Your Organization Should Master By Carolyn Mathas

  • by
  • 28 February 2022
  • 3 minutes read

In all aspects of procurement and especially during times of chaos, it’s easy to look “out there” and modify what we’re doing in our relationships with suppliers, customers, etc. There are, however, three KPIs that, when mastered on an ongoing basis, will bring significant increases to profit margins and do it much closer to home.

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Sourcing Strategies

Procurement vs. Sourcing: A Symbiotic Relationship

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  • 29 October 2021
  • 3 minutes read

According to Kearney,   just two years ago, 30% of a service company’s revenue and at least 50% of a manufacturing company’s revenue was designated to procurement. And a recent sourcing and procurement report by SpendEdge highlighted forecasts for $16 billion growth in order fulfillment services by 2024. Many wrongfully think that sourcing and procurement are

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Sourcing Strategies

How Procurement is Evolving and What You Can Do to Prepare

A spotlight has been shone on all aspects of our supply chains lately, mainly due to recent disruptions due to world events. Cascading uncertainty can be disastrous for our supply chains, and procurement is not an exception. Accelerated by ongoing pressures, all aspects of the procurement function are evolving at breakneck speed, moving from yesterday’s

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Sourcing Strategies

What You Should Know About Selecting 5G Antennas for Your Designs

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  • 23 September 2021
  • 4 minutes read

Where 5G is concerned, antennas can no longer be taken for granted. Directionality, latency, increased transmission rate, antenna size, higher frequencies, and shorter wavelengths are on the list of what’s unique regarding 5G antennas. In fact, antenna design relies on the form factors of end devices and the preferences of the OEM. So, what should

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Sourcing Strategies

Why COVID-19’s Supply Chain Impact will be the Most Damaging to Date

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  • 25 February 2020
  • 4 minutes read

It was a little different back in 1997 when SARS hit. The tech industry’s reliance on critical products and components from China was, in comparison to today, minimal. Now, the COVID-19 virus is shuttering factories and shops in the Wuhan area and transportation is halting. Even as some are reopening, there is a very slow

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Sourcing Strategies

5G and its Positive Impact on Supply Chains

Recently, we discussed the downsides to 5G in supply chains, but let’s now explore its potential positive impacts. Supply chains are experiencing a lot of technology-based changes over the past few years and the roll-out of 5G promises to deliver multiple benefits to an industry in waiting. Expectations are that robotics, drones and IoT usage

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Sourcing Strategies

9 Bill of Materials Best Practices [And What Happens If You Don’t Follow Them]

Imagine you’re designing custom measurement systems and never expect to build two of the same system, only to be asked by a client a year later for another system just like the one you built previously. Sounds great, right? But what if the team never put together a Bill of Materials (BOM) for that original

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Sourcing Strategies

The Importance of Training for Procurement Professionals

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  • 18 October 2019
  • 3 minutes read

“Procurement is a professional skill set. However, we give department employees a day’s training and ask them to do professional work. That would be like getting rid of IT and asking people to run their own networks and servers.”  Stan Jester That was the conclusion reached by a board member who recently insisted that a

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Sourcing Strategies

Why Do OEMs Double Order? Supply, Long Lead Times, and Demand

When OEMs start to worry about being able to meet demand, they tend to start double ordering. If inventory is low and demand is rising, delivery times are increasing and parts are being allocated, double ordering may seem like the only safe bet for OEMs. When stock is low, some suppliers not only turn away

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Sourcing Strategies

Proactive, Reactive, or Pre-emptive: Choosing an Obsolescence Strategy

In 2008, one technology parts database listed 150 million electronic components. That same year, obsolescence product-discontinuation notices (PDNs)   were issued for 1.4 million of those components by their manufacturers. Material and electronic device innovation has accelerated dramatically in the last decade, and the increase in parts obsolescence has kept pace. While end-of-life and lifetime buy

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