Analyst Insight: No matter what "expert" you ask – all will point to the fact that SRM is on the rise. This growing realization that buyers and suppliers must work together to achieve success in today's complex and volatile economic climate is a welcome sea change in thinking that only will continue. A key to getting SRM right? Make sure you are putting in mechanisms to manage the business with the supplier – not just to manage the supplier. – Kate Vitasek, Faculty for the University of Tennessee's Center for Graduate Executive Education programs.
The Procter & Gamble Company plans to build a multi-category manufacturing facility in Berkeley County, West Virginia, in the Eastern Panhandle of the state near the town of Tabler Station. When the plant opens in 2017, it will be one of the most advanced and sustainable plants among P&G's global manufacturing and supply-chain operations.
Top-performing procurement organizations are expanding their purview to drive company-wide innovation and top-line growth as opposed to confining themselves to their traditional roles as gatekeepers of corporate spending, according to a study from IBM.
For the first time in a decade, the Air Force has opened up a rocket competition to launch the U.S. government's most sophisticated national security satellites. The Air Force released a request for proposal on Tuesday to companies that want to compete for a national security mission set to blast off in 2016.