Implementing a supplier diversity program is a new frontier — evolving from a possibility to a must-have in many US companies. More stakeholders and policy makers are increasingly seeking out minority-owned, disadvantaged and small businesses.Read More »
I have the coolest job, and no one knows it.
As the director of Profit Improvement & Procurement at Hudson's Bay Company (Saks Fifth Avenue, Hudson's Bay, Lord & Taylor, Home Outfitters), a lot of people — from merchandising to asset protection — come to my office. When we chat about what procurement team does and accomplishes, the other teams are blown away.Read More »
Whether you are an Industrial Purchasing Manager, Procurement Professional or Supply Manager, the role of vetting out and selecting vendors has changed greatly over the last decade.Read More »
ThomasNet’s latest Industry Market Barometer® survey of North American manufacturers highlights the growth of the industry: manufacturers are continuing to experience an upward trajectory, with more companies expanding, hiring, adding new product lines or services, and investing in future growth. Nearly eight out of ten (76%) manufacturers surveyed are now selling overseas, and the bulk of respondents are increasing production capacity, optimizing existing operations, and upgrading facilities in preparation for what’s to come.Read More »
Whenever a buyer purchases a product, whether it be industrial, wholesale, or over-the-counter, one of the most important factors is lead time.
The fastest manufacturing and delivery services are always in high demand, and leaders from all levels of business are interested in providing faster lead times. It can be tricky, though, when your company is a distributor.
A manufacturer can always implement lean manufacturing methods to increase lead times, but what if your business relies on other manufacturers to provide products for customers?Read More »
Wouldn’t it be frustrating if qualified visitors were coming to your website, but few, if any, of them were actually converting to leads? If you’re not providing the right information that buyers are looking for, you may be in that very situation without even knowing it — after all, no one’s sticking around to waste time telling you why they’re leaving.Read More »
Whatever you call it — the internet of things, the cloud, the “smart grid” — it’s all about connectivity, access, and efficiency. So what exactly is it? The internet of things, as we’ll refer to it, is a series of interconnected “smart devices.”
Have you heard of the Nest thermostat? That’s an example of a smart device: not only can you control it remotely, say, from your phone, but it also uses sensors to adjust the temperature based on whether you’re home or not, and from there it actually “learns” how to heat and cool your house optimally based on your schedule and other factors.Read More »
Most people know about Craigslist “Missed Connections:” you’ve met someone interesting but didn’t follow up or exchange contact information, so you cast a line into the World Wide Web in the hopes of getting a second chance with that special someone.
The problem? The odds are largely against you, since it all depends on that other person actually finding your ad.Read More »