When reviewing job growth and salary information, it’s important to remember that actual numbers can vary due to many different factors—like years of experience in the role, industry of employment, ...

Experts suggest that machine shop owners do two things: 1) explain how they will deliver the best value, not price; and 2) understand the purchasers’ process and metrics A few years ago, we were at a ...

Purchasing agents are in charge of all buying for their company. They buy the raw materials, goods, and services their company needs to maintain operations. Purchasing agents, or buyers as they are ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Procurement department organizational structures often -- but not always -- reflect the organizational structure of your business. Additional factors, such as communication patterns, the size of your ...

With procurement managers dealing with the most cost-sensitive issues in business after people, Matt McInnerney, Procurement Consultant within The Interim Register, part of international search and ...

Analyst Insight: As mandatory greenhouse gas (GHG) reporting requirements become more prevalent, corporations must prioritize sustainable sourcing to manage their Scope 3 emissions. As the world ...

Even small purchases for your company can add up to large amounts of wasted spending. You buy equipment cheap, and it breaks overnight. Someone orders fluorescent lightbulbs when you needed LEDs.

A popular index released in Manufacturing ISM Report by the Institute for Supply Management on the first of the month. The index reflects percentage of purchasing managers that reported better ...

For 2016, companies are expecting to see business uncertainty and risk increase, along with greater struggles to grow revenue. According to The Hackett Group Global Procurement Advisory Practice ...

Provisional U.S. purchasing managers’ surveys for April will be closely watched for signs of how businesses are reacting to President Trump’s announcement of sweeping tariffs. Equivalent surveys will ...