Tom's Blog

From industry’s leader in connecting buyers and suppliers

Managing Total Cost Of Ownership In The Electrical Supplies Category

Although each category of purchasing that falls under Maintenance, Repair, and Operations (MRO) poses its own unique challenges, electrical supplies stands out as one that appears to be tactical. However, it does grant the opportunity for significant cost savings and value enhancement when viewed from a strategic perspective. The “Electrical Supplies” umbrella covers a broad area of products, and depending on the needs of a particular organization, the level of complexity may vary particularly with wires and cables, automation supplies, lighting, and electrical distribution equipment. From a category perspective, there are opportunities to reduce costs when determining the preferred supplier base. These three strategies can help optimize the purchasing channels to achieve your category goals:

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Forklift Sourcing 101: Know Your Options, Save Money

Though they serve as critical elements in many material handling operations, forklifts can come with many potential hidden costs, such as maintenance and operator salary — in total, costs can reach as high as $250,000 annually per machine!

Despite these expenditures, more and more companies are making use of forklifts; a recent Peerless Research Group survey of material handling managers found that 69% of respondents planned to acquire a new forklift in the near future, with a per-respondent average of seven planned purchases, up from six the year prior.

When it’s time to add or replace a forklift at your facility, it’s important to not only consider these costs but to take into account usage, initial investment and equipment availability as you assess your different acquisition possibilities. With these factors and respondents' average forklift purchase quantities in mind, we’ve outlined the four best options for acquiring a new forklift for your facility.

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Reduce Costs in Product Design Through Raw Materials

It is often later in the product lifecycle that procurement teams are brought in to lead a competitive bid process and conduct negotiations accordingly. This might seem like a straightforward approach to reducing costs. However, taking a deeper look at your product design and raw materials before the manufacturing phase could be the best way to proactively optimize costs.

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The THOMASNET.com Team Chats With Manufacturing Talk Radio At ISM2017

ISM2017, The Institute For Supply Management (ISM) annual conference, just wrapped up in Orlando, Florida. The THOMASNET.com team was there, uncovering the latest trends and challenges impacting supply chain professionals every day

In addition to speaking with supply chain professionals, we also spoke with the duo Tim Grady and Lew Weiss of Manufacturing Talk Radio for a series of interviews. Listen to the podcasts below. 

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5 Supply Management Takeaways from ISM2017

Thousands of global procurement and supply chain professionals gather annually at ISM’s conference “learn, share and network with the best and brightest minds in supply management.”

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THOMASNET.com Version 3 Is Now Live!

Business never shuts off — a supplier evaluation is performed every 2 seconds on THOMASNET.com! We are constantly developing new ways for engineers, procurement managers, and MROs to better access data on the platform. That's why we just launched THOMASNET.com Version 3. The following is an overview of the improvements included in this release:

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Infographic: Every Two Seconds On THOMASNET.com

There is more industrial and B2B buying activity taking place on THOMASNET.com than on any other platform on the planet. In fact, a buyer evaluates a supplier every two seconds! 

All those supplier evaluations can add up to a lot of things – including new business opportunities for the suppliers who are listed on the platform

Check out our infographic to see what else can happen while buyers are evaluating suppliers on THOMASNET.com.

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Driving Compliance And Cleaning Up Your Tail


Tail spend optimization can be the key to reducing costs and increasing the overall performance of your supply chain. However, many organizations fail to properly analyze their tail spend, or they don't take the proper measures to clean it up and ensure compliance. 

Fortunately, there are some proven methods you can use to clean up your tail.

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Creating A Supply Chain Shortlist: What B2B Buyers Look For When Selecting Suppliers

Creating a shortlist is an essential component of the supplier discovery and selection process. But what, exactly, are supply chain professionals looking for when making their lists?

To find out, THOMASNET.com conducted an informal survey of our users – buyers, engineers and procurement professionals – to find out what factors they consider the most important when evaluating new suppliers.

Whether you are a buyer looking to improve your sourcing process or a supplier looking to connect with potential customers, the results could help you reach your goals. Here’s what we heard:

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