Measuring the performance of the purchasing department is a basic and crucial task for any management team. The purchase of raw materials and equipment is the lifeline of a business, and savings in ...

When a multi-billion dollar transportation and airline company sought to get its arms around its unwieldy procurement operation, it turned to a tried-and-true tool to do it: the balanced scorecard. It ...

The concept of paying services contractors for performance has won wide support in principle, but putting it into practice is a bigger challenge. For several years now, the Bush administration has ...

This year isn’t starting out as expected. So far, 2016 feels a bit more like 2009. Commodities are in free fall, exchange rates are creating shock waves, and the financial markets are producing in a ...

In the business world, risk is ubiquitous. Costs rise. Sales slip. Products malfunction. Delivery windows crack. But despite these enduring realities, risk's nature and scope have accelerated in the ...

MIAMI & LONDON--(BUSINESS WIRE)--World-class procurement organizations now operate at 21 percent lower labor costs than peers and have 29 percent fewer staff, according to new world-class performance ...

Companies are always looking for ways to save money. They may have already cut costs in areas like manufacturing and shipping. Now, they're turning to a hidden area where they can save more money ...

For owners and managers of industrial facilities, optimizing asset performance in a dynamic and complex operation environment is a constant challenge—trying to maximize performance while maintaining ...

Over the last decade, significant changes in the business environment have had a profound and lasting influence on how supply chains operate. The current business environment is characterised by an ...

Leading organizations on the path to high performance are accelerating their global sourcing strategies, driving more aggressive cost reductions, and looking to contract manufacturing to leverage and ...