purchasing inventory

Blog tagged as purchasing inventory

CPSM 1B5 : Develop Financing and Leveraging Strategies for Purchases

06-02-14 05:02 PM By Randall Mauldin - Comment(s)
The supply manager’s task in CPSM 1B5 is to creatively develop financing or leveraging strategies for purchases. A supply leader does not simply rely on the financing department to generate income or come up with money to pay for the purchases. A procurement or supply chain leader should help the...

CPSM 1B4 : Performing Cost/Benefit Analyses on Acquisitions

05-29-14 12:02 PM By Randall Mauldin - Comment(s)
Are you reviewing to become a Certified Professional in Supply Chain Management? Then, you should focus your attention in reviewing for CPSM 1B4 because it covers a large section of 20 pages with 8 questions in CPSM Exam 1. This section is worth the effort of studying detail by detail because of t...

CPSM 1B3: Identifying Savings Potential Opportunities through Spend Analysis

05-29-14 11:50 AM By Randall Mauldin - Comment(s)
Are you reviewing to become a Certified Professional in Supply Chain Management? CPSM 1B3 covers 7 questions out of 32 questions in Cost and Finance, the second part of CPSM Exam 1. Thus, it is important for procurement professionals to have an understanding about spend analysis. Supply Chain Lea...

CPSM 1B2: Developing Cost Management Program Strategies for Purchases

05-29-14 11:32 AM By Randall Mauldin - Comment(s)
The second part of the CPSM Exam 1 requires professionals to have a substantial understanding on how to develop cost management program strategies for purchases. You can encounter 6 questions in the CPSM Exam 1 regarding cost management program strategies.   CPSM 1B2 The cost management program str...

CPSM 1B1 : Preparing and Administering Supply Management Department Budget

05-22-14 04:21 PM By Randall Mauldin - Comment(s)
Are you familiar with the connection of supply management department budget to your company’s strategic plan? The second Part of the CPSM Exam 1 comprises of 32 questions in Cost and Finance. Thus, it is important for you to understand how to prepare and administer the budget of the Supply Managemen...

7 Habits of High Functioning Procurement Professionals

05-15-14 11:16 AM By Randall Mauldin - Comment(s)
A great procurement professional should purchase goods and services with the best possible combination of service, quality, and price. High functioning procurement professionals possess habits that are undeniably great. You probably want to be at the top of your field since you are reading this arti...

8 Tips to Accomplish a Lean Supply Chain

05-13-14 04:02 PM By Randall Mauldin - Comment(s)
  Attaining a lean supply chain involves eradicating coordination waste and stock on your supply chain operation. Having a lean supply chain approach brings benefit to the supply chain operation by increasing the efficiency your company and reducing the cost. If you want to have a lean supply ...

The Secret to Managing Supplier Threat

05-07-14 05:29 PM By Randall Mauldin - Comment(s)
The Secret to Managing Supplier Threat   "Executives state unfavourable supplier-related activities are ending up being much more serious and constant. Survey respondents who agree that supplier-related risks are aggravating outnumber those that disagree by two to one. While executives ar...

3 Ways to Take Care of Supply Chain Threat

05-05-14 05:43 PM By Randall Mauldin - Comment(s)
Supply Chain Threat 3 Ways to Take Care of Supply Chain Threat Firms have actually been sluggish to prioritize supply chain risk management and the existing recognized metrics fall short to record the level of risk present in a business's supply chain. As a result, it is progressively hard to persuade executives to in...

7 Principles of Supply Chain Management

04-29-14 04:46 PM By Randall Mauldin - Comment(s)
 7 Principles of Supply Chain Management   Are you intending to take the CPSM Exam? Do you have an effective grasp on supply chain administration concepts however, do not have time to study books? This short article will certainly detail the key principles in Supply Chain Administration in...

CPSM Study Cheat on Contract Administration

04-27-14 05:52 PM By Randall Mauldin - Comment(s)
CPSM Study Cheat on Contract Administration  To become a Certified Professional in Supply Management (CPSM), you need to learn a lot of things and one of which is to familiarize your self with the basics in Contract Administration. If you join our CPSM Training Review Programs, you’ll learn mor...

CPSM Exam Study Guide

04-24-14 06:48 PM By Randall Mauldin - Comment(s)
CPSM Exam 1CPSM Exam 2CPSM Exam 3  

Types of Intellectual Property

04-21-14 06:06 PM By Randall Mauldin - Comment(s)
Passing the exam for the Certified Professional in Supply Management is not as easy as you think. You have to go through and succeed three sets of exams. The first part of the CPSM exam is focused on the Foundation of Supply Management, which involves the following:
  • Contracting and Negotiation
  • ...

Top 3 Importance of Getting a Supply Chain Certification

04-10-14 04:41 PM By Randall Mauldin - Comment(s)
The Supply Chain industry is getting tougher; companies are getting more and more competitive, hiring only the best professional with experience and certifications. A professional who gains a Supply Chain Certification will have a significant trajectory in his or her career. The widely acknowledge...

Qualifications for the 4 Supply Chain Certifications

04-10-14 04:24 PM By Randall Mauldin - Comment(s)
Do you want to have a significant track in your career? Acquiring a Certification in Supply Chain is a perfect step since a lot of companies are looking for experienced supply chain professionals who have certifications to prove that they are an expert of at least one of the following fields: opera...

4 Supply Chain Management Certifications that Help you Get a Better Job

04-10-14 03:54 PM By Randall Mauldin - Comment(s)

The profession of supply chain management has evolved to a critical skill needed by businesses of all sizes. Businesses that manage their supply chain are 73% more profitable and realize a 40% return on their investments in supply chain management. For professionals in this career field, they have t...

Knowing the Different Types of Service Agreements

04-03-14 07:43 PM By Randall Mauldin - Comment(s)
Knowing the Different Types of Service Agreements   To become a Certified Professional in Supply Management (CPSM), you need to learn a lot of things and one of which is to familiarize your self with the basics in contracting and negotiations. If you join our CPSM Training Review Programs, you’...

Types of Fixed Price Contracts

04-03-14 07:33 PM By Randall Mauldin - Comment(s)
Types of Fixed Price Contracts The firm fixed price contract is commonly used by firm in doing business transactions because a lot of buyers are uncomfortable of the other types of contracts. This article is meant only to explain the different types of fixed contracts in order for Supply Management ...

Difference between Written, Oral and Electronic Contracts

04-03-14 07:14 PM By Randall Mauldin - Comment(s)
To become a Certified Professional in Supply Management (CPSM), you need to learn a lot of things and one of which is to familiarize your self with the basics in contracting and negotiations. The first part of the CPSM Exam covers the Foundation of Supply Management. In our previous article we’ve ...

CPSM Review Course and Boot Camp

04-03-14 06:11 PM By Randall Mauldin - Comment(s)
Are you struggling to get a promotion? Do you want to stand out in your profession and become a top Supply Chain Professional? This is your chance! Check out our live events this year.   CPSM TRaining Schedule
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