Blog tagged as purchasing inventory

The Value of "S" in your life

09-10-14 05:36 PM By Randall Mauldin - Comment(s)
Every Certified Purchasing Manager or CPM professional should be aware that they can still achieve more success and career stability when they add “S” in between “P” and “M” in their title. That’s right! You got it, it’s time for you to take the CPSM Bridge Exam and become a Certified Professional ...

Characteristic of an Effective Certified Professional in Supply Management

09-05-14 06:27 PM By Randall Mauldin - Comment(s)
A Certified Professional in Supply Management (CPSM) is very vital to a company; they can be considered one of the backbones of a business. The ever growing global economy evolves and so does the skills of a CPSM. Results of dynamic competitions produce skilled and world class CPSM as well in view o...

Handling Bottleneck item Dilemma

09-04-14 05:20 PM By Randall Mauldin - Comment(s)
Supply chain professionals usually encounter bottleneck dilemma when a company purchase supplies with a multiple list of suppliers. This can be a purchase wherein each product consists of 25 or more parts, components or units. Furthermore, bottleneck in a business point of view pertains to a part of...

Effectual Pattern of Implementation of Policies on Supply Chain Management

08-22-14 04:20 PM By Randall Mauldin - Comment(s)
Let’s begin with what implementation is, it is simply an act of discharging, discharging of policies necessary in supply chain management, like for instance, food packaging must have precise and clear instructions to anticipate uneventful things to happen. Food that contains gluten must be clearly m...

How to Assess Competitive Offerings from Suppliers

08-21-14 02:48 PM By Randall Mauldin - Comment(s)
Competition is the core of which a company grows to its advancement, without  competition , an organization can stagnate even at its lowest level, but with the advent of what we call Supply Chain Management, a company struggles to its best refinement when it comes to its business dealings. Su...

Proficiency in Supply Management can Make your Business More Profitable

08-09-14 04:36 PM By Randall Mauldin - Comment(s)
In the world of business, looking through financial flows must be one of the top priorities to keep one’s business afloat. Some business owners, however, is not aware of the value of supply management and how big its role in delivering a good amount of investment to a company. Let’s shed some light ...

Investigative flow of Finances on the eye of a Certified Professional in Supply Chain Management

08-03-14 07:12 PM By Randall Mauldin - Comment(s)
Organization can run smoothly with an arrange plan from a skilled Certified Professional in Supply Chain Management (CPSM). Analytical reports pertaining outflow and inflow of finances, strategic solutions and alternatives for a fast ROI and importantly, company’s supply management and company-suppl...

Budget and Supply Management Goes Hand-in-Hand

08-02-14 05:41 PM By Randall Mauldin - Comment(s)
Driving a company well includes good skills in supply management that also goes hand in hand with budget planning and management. You might be wondering what’s the connection between budget management and supply management, as we go along the discussion things will get clearer on how this two are ...

Commonly Overlooked details in a Contract

08-01-14 07:10 AM By Randall Mauldin - Comment(s)
Supply chain professionals and most business people enter into contracts on a regular basis. They sign procurement agreements, vehicle and equipment leases, maintenance contracts, banking documents and several other contracts in line with their business. Some of these contracts are constructed in si...

Supply Chain Talent is the Price of Admission for the Next Decade

07-26-14 03:59 PM By Randall Mauldin - Comment(s)
How long can your company survive the competition? What are the factors that can lead your company towards success and a room for the future? Before you start listing down the business processes, technologies and partnerships you have in mind, Linda Topping, vice president and chief procurement offi...

CPSM 1D2: Environmental Responsibilities for Business should be established and monitored

07-20-14 05:13 PM By Randall Mauldin - Comment(s)
In this section (1-D-2) of the CPSM test the supply chain leader is being asked to establish eco-friendly programs and check them in keeping with 9 subtopics that we will briefly discuss in this article. The crucial factor is to understand that an environmentally liable supply chain is not merely a...

How can a Procurement Professional Beat Stress?

07-18-14 05:59 PM By Randall Mauldin - Comment(s)
Is stress really inevitable at work? You would probably say yes for sure! At some point, professionals can feel pressure from work-related stress. In fact, any job possesses stressful elements. According to the American Psychological Associations 2012 survey, 65 percent of American’s cited that the...

Supply Chain Management jobs earn higher salary with CPSM Certification

07-08-14 06:17 AM By Randall Mauldin - Comment(s)
Companies pay a higher supply management salary to professionals with CPSM Certification according to recently published the Institute for Supply Management 2014 Salary Survey. The 2014 ISM Salary Survey states CPSM Certified individuals earn seven percent more than other people, so there is a finan...

Why Car Companies favor Car Recalls

07-06-14 07:26 AM By Randall Mauldin - Comment(s)
Two luxury automobile makers, Porsche and Jaguar Land Rover, have lately revealed they are recalling cars in the UK. The recalls could be small in number, but they are part of a growing style in the automobile market. Auto producers value the security of their customers and show gratitude for their...

Solar Energy Expected to Soar

07-06-14 07:21 AM By Randall Mauldin - Comment(s)
Revenue in the worldwide solar power supply chain is anticipated to expand by 24 per cent over the following six months, driven by "surging installations". Data from IHS Modern technology stated integrated earnings for the photovoltaicpolysilicon, wafer, cell and module sectors will ris...

Supply chain management professionals don’t have a chance against sales professionals

06-28-14 09:28 PM By Randall Mauldin - Comment(s)

Businesswoman showing

 

Supply chain management professionals

don’t have a chance against sales professionals

Satellite Beach, FL -- Companies spend over $20 Billion (yes, BILLION with a "B") on sales training according to the American Society of Training and Development, yet for individuals responsible for ...

CPSM 1D1: Social Responsibility for Supply Function and Suppliers

06-28-14 04:54 AM By Randall Mauldin - Comment(s)
Supply chain leaders are not only responsible for managing and acquiring goods and services for the organization, but they also have the social responsibility for supply function and suppliers. The fourth part of the CPSM Exam 1 requires professionals to have a substantial understanding about the S...

CPSM 1C3: Develop and maintain documentation regarding cross-border transaction

06-20-14 05:41 PM By Randall Mauldin - Comment(s)
The third part of the CPSM Exam 1 requires professionals to have a substantial understanding about the International Supply Chain especially the international market to source goods and services. CPSM 1C3 involves developing and maintaining documentation regarding cross-border transactions. It is ...

3 Ways to Establish an Efficient Partnership in a Procurement Procedure

06-10-14 05:24 PM By Randall Mauldin - Comment(s)
There is growing recognition that outsourcing can provide far more than a lower-cost model, and it can produce opportunities to harness additional value through redefining the purchase or procurement method. Particularly, there is a noticeable change to developing effective collaborations and openn...

CPSM 1C1: Identify and assess international markets to source goods and services

06-09-14 02:42 AM By Randall Mauldin - Comment(s)
The third part of the CPSM Exam 1 requires professionals to have a substantial understanding about the International Supply Chain especially the international market to source goods and services.  CPSM 1C1 involves assessing the International markets to source goods and services. It is impo...
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