Projected food price decrease welcomed, but ‘uncertainties’ remain

When it forecast a 10- to 17-percent decrease in beef prices across all primal cuts this year, SpenDifference didn't mince words, calling it "the biggest story of the year" for chain restaurant operators and supply chain professionals. Richard Pineda is looking at many of the same indicators, and the vice president, supply chain at Pieology Pizzeria says the projections are encouraging. But his … [Read more...]

Assessing and Managing Risk with Contract Analytics

By Lloyd Alexander, Seal Software Most companies rely on their procurement departments to choose the right suppliers, bring spend under control and negotiate favorable payment terms. The procurement function within an organization is also becoming much more strategic, and can involve cross-departmental inventory management, internal audit and reporting, and, as it relates to supplier … [Read more...]

Is Procurement Lacking Needed Resources?

Cost reduction is a top priority for supply chain leaders in the year ahead, while supplier risk remains a major concern. However, two-thirds of the CPOs surveyed in the Fall 2014 Procurement and Strategic Sourcing Data Survey say they don’t have enough resources to manage their procurement operations effectively. “These finding indicate that procurement may not be sharing fully in the … [Read more...]

Beyond Cost Savings

World-class procurement organizations have done such a good job reducing costs that they may have reached their limit. And that’s both good news and bad news. While they’re running “extremely lean” and may not be able to continue generating substantial savings, The Hackett Group’s research finds that top-performing organizations are working hard to prove their value in other ways. “The value … [Read more...]