The education industry has suffered from the effects of a weak economy, and this means procurement is now in a key position to generate savings for all types of academic institutions, from elementary schools to universities. Although it may seem counterintuitive, government funding cuts, increased r[...]
The manufacturing industry is now in a pivotal position to make modifications to its procurement process. Trends over the past few decades have resulted in an increase in outsourcing and offshoring, heightened production capabilities, and competition that has been escalating to unprecedented levels.[...]
Global trends over the next few years will trigger huge changes for the food & beverage industry, and procurement departments must be prepared for the repercussions. The growing middle class in developing markets and increasing regulatory control over food safety & sourcing have altered supply chain[...]
Procurement in the healthcare industry is a complex process that is subject to many government regulations and frequent shipments of volatile materials. These factors present unique purchasing challenges. Fortunately, such challenges can be surmounted through the implementation of software capable o[...]
Over the last few decades, retail companies have benefitted from technological advancements that increase purchasing efficiency. The faster rate of customer transactions has accelerated inventory requirements. Retailers who cannot keep pace risk being pushed aside by competitors, who continue to gro[...]
The oil and gas industry has experienced distinctive procurement challenges over the past several years. In order to meet the high consumption rate, oil companies are constantly searching for greater value opportunities. Realities such as costly hydraulic fracturing (also known as 'fracking') method[...]
Over the past few decades the construction industry has become more reliant on advanced technology. Unfortunately, the same can't be said for its procurement function - daily purchasing struggles are still a reality. One of the reasons for this may be the high cost of implementing new procurement te[...]
Procurement challenges in the wholesale industry are connected to a buyer's ability to obtain a high volume of product for the most competitive price. This can be achieved through accurate product information and the maintenance of balanced inventory levels. Wholesalers and distributors need effecti[...]
The wealth of information available to prospective buyers in B2B procurement can be overwhelming. While some industries and commodities remain relatively unchanged over time, it's far more common to be faced with an avalanche of new data from year-to-year. This Annual Report will investigate the glo[...]
Cracking the cement industry has become harder and harder over the past few years. In 2013, the Canadian market shrank by 3% to a value of $1.2 billion. Countries such as Spain and Greece have seen demand remain stuck at a fraction of pre-recession levels. Brazil's cement quota is expected to plumme[...]
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