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What’s Happening in Our Profession

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Fishing with Suppliers: A ProPurchaser CORE PRACTICE

ProPurchaser CORE PRACTICE #5: Go “Fishing” with Suppliers.   I once had a very smart boss whose favorite expression was “Fish where the big fish are!” So where do the “big fish” lurk for reducing costs for the products and

Has our profession made strides over the last 7 years? – Part 1

Results of two time-staggered surveys As you may know, back in 2003, we asked people to fill in an on-line survey to help Purchasing Professionals gauge their organization’s overall purchasing effectiveness. We asked 7 questions that touched on senior management

Cutting Carbon in the Supply Chain

For many manufactured products, the majority of their carbon footprint comes from energy used in extracting, refining, processing, manufacturing and transportation. There are several options for reducing the carbon footprint: · redesign manufacturing process; use alternative raw materials and new

WHEN WAREHOUSING GOES GREEN

  A ProPurchaser GREENWATCH: More time spent on-site in the warehouse reduces a carbon footprint and helps the bottom line.     When considering the greening of any supply chain it is easy to ignore the impact of warehousing and distribution

WELCOME CHEAP CHINESE STEEL, DUMP TARRIFS

  PROPURCHASER INSIGHT:  If you’re not happy with today’s Steel prices, you might want to read this article….nothing is simple. Read the full article HERE.   05.22.16 by Boston Globe Columnist Jeff Jacoby China produces more than 820 million tons

IRON ORE PRICES HIT A 16-MONTH HIGH, STILL RISING

  NEGOTIATOR’S TAKE: China’s economic growth is once again pushing up metal prices.   If you had been asleep for the last month, woke up this morning and picked up a paper you could be forgiven for thinking you had

TOCOM HITS 8-MONTH HIGH

  NEGOTIATOR’S TAKE: Higher Rubber costs mean upward price pressure on tires, industrial hoses, etc.   04.12.16 – Tokyo Benchmark Tokyo rubber futures extended gains to hit an 8-month high on Tuesday as firmer prices of oil and other commodities

ZINC RISES AS STOCKPILES DROP THE MOST SINCE 2007

  NEGOTIATOR’S TAKE: As zinc rises, expect galvanized steel products to follow suit.   04.11.16 – Largest decline in 8 years Zinc rallied with other industrial metals as inventories in warehouses tracked by the London Metal Exchange declined the most

CHINA LABOUR COSTS ONLY 4% BELOW U.S.

  NEGOTIATOR’S TAKE:  With China’s labor advantage almost gone, you might want to think about bringing manufacturing work back to the U.S.   03.01.16 – Only a 4% gap between costs A recent report estimates that China’s effective labor costs

U.S. SPOT ETHYLENE CLOSES AT HIGHEST SINCE AUGUST 2015

  NEGOTIATOR’S TAKE:  Ethylene rise will exert upwards pressure on Polyethylene prices.   March 2016 – Houston U.S. front-month spot ethylene closed the week ended Friday at its highest since August 2015 on tight supply.  Early in the week, spot