Archive | Manufacturing

7 Steps to Successful Strategic Sourcing

The term “Strategic Sourcing” has been referred to quite often over the last few years. It definitely sounds impressive and implies a cutting edge and potentially transformational process but what is it – really? What is “Strategic Sourcing” and how does it compare to the prior way of sourcing. Personally, I think strategic sourcing is […]

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The Art of Lighting

When lighting is done really well, you may not even notice it!  That’s because the lighting is doing exactly what it is supposed to do.  In this month’s blog, we will discuss some tips and ideas to perfect the lighting in your home, office or any other space. There are countless options to consider when […]

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Revenue Growth Vs. Cost Savings – Can’t They Co-Exist?

With the most recent economic downturn and slow recovery, we have all witnessed either personally or with companies we know well an abrupt transition from revenue growth and sales driven entities to lean and mean, cost cutting organizations and now possibly back again to revenue growth. This pendulum, depending on the market and economic conditions,  […]

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6 Reasons Why Businesses Should Consider Procurement Outsourcing

With the customer and market demands associated with most industries changing rapidly, it is critical that an organization’s best people remain focused on the business at hand while preparing for future opportunities. Within the procurement area this is especially true. It is crucial that the purchasing staff ensure your company is receiving the best value, […]

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6 Reasons Why Businesses Should Consider Procurement Outsourcing – to be cont.

With the demands associated with most industries changing rapidly, it is critical that an organization’s best people remain focused on the business at hand while preparing for future opportunities.   Within the procurement area this is especially true.  It is crucial that the purchasing staff ensure your company is receiving the best value, service and products possible from every supplier in order to satisfy your clients’ current […]

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What Contributes to a Successful Negotiation? Part 1 of 2

In business, I have found that your negotiation strategy and tactical approach may vary depending on project and final objective.  For example, negotiating a one-time purchase typically involves a more basic plan and set of skills while an opportunity that requires continuous reliable supplier performance, specific services and on-going quality – often requires a more […]

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Lighting Up Your Mood

If the dark, cold winter days affect your mood, you are not alone. In fact, millions of people throughout the world are affected by a condition known as Seasonal Affective Disorder, or S.A.D According to the U.S. National Library of Medicine, “some people experience a serious mood change when the seasons change. They may sleep […]

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8 Ways to Reduce Your Inventory Investment continued

6. Consider hiring an Expert:  If possible, consider hiring an experienced inventory professional who specializes in reducing carrying costs, increasing inventory turns and optimizing the service levels.   Companies that are carrying many months of unnecessary inventory are significantly impairing their productivity, space optimization, cash flow, profitability, competitiveness and potential success as a business.  I frequently engage […]

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