1995 NAPM Insights Article Index
Term selected: Purchasing Strategies
A valuable reference tool, the Article Index is a comprehensive list of articles that have appeared in Inside Supply Management® (formerly Purchasing Today® and NAPM Insights®) magazine. Articles are organized by subject for easy locating and study.
Public-purchasing organizations now have the opportunity to update their ordinances and statutes and make use of the "best and final" clauses in requests for proposal.
Knowledge of common negotiation mistakes can help you avoid slip-ups.
Here's how one organization fared after implementing activity-based costing.
Use profitability ratios to evaluate the financial strength of your suppliers.
If purchasing really believes that ABC has created benefits, but can't identify them, it's likely that they are measuring the wrong things.
Here are some tips on sorting out the numerous solicitation methods floating around out there.
Looking at the lessons learned by others can help you make a successful transition to activity-based costing.
This month NAPM will host its 80th Annual International Purchasing Conference, "A Changing Environment," a look at purchasing's continued evolution into the 21st century.
Study the tactics and style of the sales force and you'll know how to pick the right negotiation style.
Asking yourself some questions can increase your own preparation and help you attain positive results from a negotiation session.
To gauge performance of your integrated MRO process, a measurement system should be developed early in the transition process.
A department newsletter offers one way to improve your internal and external customers' communication.
This article is not available online.
Our desire to predict and know the future makes sense. If we could only see clearly today what will happen tomorrow, things might be better. Or so we think. And wouldn't it be neat if American engineering could get the crystal ball to work. It would be as common in households as the television - at least that would be my prediction.
Look at the goods and services procured by nonpurchasers, and see how your purchasing expertise could come in handy.
One company shares how purchasers can establish a data system to track purchases conducted outside of their department.
Saying "No" doesn't always have to alienate your customer.
Sharon D. Candooit, supply manager for XR Corporation, scans her e-mail messages scrolling down her computer screen. She stops at one labeled, "Cost Feasibility Report."
Regardless of company size or industry, purchasers have developed innovative strategies for cutting costs.
Asked to evaluate the cost of in-house vs. out-sourced goods or services? Here's one method.
One of the strengths of MRP is its ability to be used in forecasting, giving both supplier and purchaser more realistic data for production-control decisions.
Use liquidity ratios to evaluate the financial well-being of your suppliers.
This article is not available online.
Purchasers can manage and even predict supplier price changes effectively by familiarizing themselves with pricing strategies.
When streamlining operations to cut costs, third-party providers are one avenue of consideration. But remember to consider your in-house expertise.
Costs can skyrocket if you lean too heavily on others to confirm you are properly maintaining your ISO 9000 registration. As an ISO-registered organization knows, mandatory periodic evaluations are regularly required by the registrar that registered the organization. It's the "pre-audit" that can needlessly cut into company funds.
This article is not available online.
One negotiator mediated between the Croats and Bosnians to form the Federation of Bosnia Herzegovina. Another helped secure the release of two American prisoners held in Iraq. Purchasers can learn from their tactics.
Health-care facilities aren't always out to save a buck; some make donations as well. The following materials managers and their hospitals help coordinate humanitarian programs.
The following list contains publications and other educational resources on the topic of negotiation. This list is not all-inclusive but can serve as a starting point.
For-profit organizations continue to explore consortium partnerships, which tout cost savings, improved quality, and joint learning of professional techniques and strategies.
This article is not available online.
Editor's Note: Last March, Ram Narasimhan, Ph.D., of Michigan State University, presented the "Purchasing Futures Study" at the 1995 Executive Purchasing Roundtable, which the Center for Advanced Purchasing Studies (CAPS) sponsors each year. During the report, which is planned for release in mid-summer 1995, Narasimhan presented 10 future propositions to the CAPS Roundtable group. One of the propositions, "Purchasing will emerge as a key element of business strategy," is discussed here by G. A. (Gerry) Abraham, vice president of corporate purchasing for Carnival Cruise Lines.
Purchasers find that a thorough statement of work (SOW) is the key to successfully negotiating service contracts.
This article is not available online.
Here's a tool to help you manage the unknown variables in your forecast or other bottomline prediction.
Purchasing departments are trying harder than ever to ensure their customers' happiness.
While choosing a partner is crucial, it's not the first decision a benchmarking team has to make. First, a company must identify which critical process to benchmark.
This article is not available online.
Employees buying supplies with their company-issued credit cards: The thought is enough to make many managers cringe. But if you set parameters and appropriately train your employees, you can successfully implement credit-card purchasing and still sleep at night.
Is inventory management driving you crazy? Look to some of the drivers of inventories to regain your sanity.
Systems
JIT's goal is to reduce or eliminate waste and improve productivity and
quality by delivering on-time product, with you and your supplier acting as
partners.
The purchasing company should be responsible for researching and determining target prices; however, several key players must be involved to effectively determine the best target price.
Many factors can be neglected - yet should be included - when figuring the true cost of an engineering change order. Here's a step-by-step guide.
Negotiation instructors share their responses to some of the top questions asked about negotiation.
The greatest advantage of minimum reorder point is that the system, for the most part, can keep your nonmanufacturing stock from "running out" of materials.
Understanding how consultants calculate reimbursable expenses for consulting services will help you save dollars.
A good way to understand costs is to think in terms of how they react to changes in activity.
Our organizations do not have to choose between the advantages of centralization and those of decentralization. We can gain the benefits of both.
Should you use value analysis, competitive bids, or total cost of ownership? Check the nature and importance of the purchase.
The first step in executing corrective measures on nonconforming goods is to clearly identify the error and the specifications . . . with which the goods do not conform.
The greatest opportunities for effective purchasing may lie outside the purchasing department, according to a recent CAPS focus study. How can purchasers take advantage of these opportunities?