I have this image of a sourcing manager talking to a supplier with the conversation going something like this, “I don’t have extruded aluminum right now, but what I do have are a very particular set of skills; skills I have acquired over a very long career. Skills that make me a nightmare for people like you. If you let me have the aluminum...
You make a product in China. You went it alone. You found someone on the internet and they promised they could manufacture your product to your standards in the time required for the lowest price.
Unfortunately, they also made an absolute hash of it.
You're excited! You've placed your first purchase order (PO) with your contract manufacturer. But what happens next?
We're glad you asked that. We have a couple resources to answer your questions about what happens during the purchase order confirmation process and why you might experience delays in confirmation.
First let's look at the...
Very few people walk into a store, take an item off the shelf and purchase it without looking at the price. Even if you’re reasonably certain you can afford it, you’ll glance at the label to see how much it’s going to cost. If it’s what you want, and the price is in line with your desire for the item, you’ll buy it. But retail prices aren’t...
The word “money” is considered a marketing power word. Its use in a headline or caption will almost always grab your attention. Why’s that? Because it’s something we’re either trying to get more of or trying to hold onto.
By definition, technology disrupts.
After all, technology is the application of scientific principles for practical purpose. It’s meant to change the way things are done. So, it stands to reason that technology has the capacity to create a seismic shift throughout every aspect of the manufacturing industry, including procurement organizations.