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The Bottom Line

A View of the Industry That Pulls No Punches

Jim Kurtz

Recent Posts

Learn How to Solve Procurement Challenges by Outsourcing

Posted by Jim Kurtz on Jul 15, 2021 10:00:00 AM

Restrictions related to the COVID-19 pandemic appear to be lifting, and some people are resting easier. Nevertheless, many organizations faced upheavals and disruptions that have left systems and processes tattered and, in many cases, broken. Moving ahead, managers can try to revert to the old ways of doing things ... or they can embrace change, learn how to solve procurement challenges, and adjust procurement strategies and processes to tackle the new realities.

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Topics: Manufacturing, Procurement Consulting, Procurement

Cost-Saving Initiatives in Procurement for Manufacturers to Implement

Posted by Jim Kurtz on Jun 9, 2021 9:15:00 AM

Most were glad to leave 2020 behind. Yet, for all the uncertainties and unusual changes the world faced, people also learned important lessons and, as a result, changed their habits in ways that will be in effect for years to come. Nowhere is this more apparent than in manufacturing procurement. 

Remote work, social distancing, supply chain issues, shortages, and other disruptions have permanently reshaped operating strategy trends and created new opportunities for cost-saving initiatives in procurement. The operational landscape has altered, and many long-held practices are being adjusted to reflect the new reality.

Partly due to the pandemic and partly because of advances in technology, several trends have emerged in 2021 that promise to affect procurement strategies for years to come. Additionally, these changes offer new cost-saving opportunities. Below are four trends and cost-saving initiatives in procurement that every manager should consider implementing.

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Topics: Manufacturing, Procurement Consulting, ManufacturingAdvisor, Procurement

Key Differences Between Procurement Consulting and In-House Resourcing

Posted by Jim Kurtz on May 19, 2021 9:00:00 AM
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Topics: Manufacturing, Strategic Resource Management, SRM, Procurement Consulting, ManufacturingAdvisor, Procurement

5 Procurement Strategy Initiatives for Untapped Savings in Manufacturing

Posted by Jim Kurtz on Mar 26, 2021 8:00:00 AM

Most of us were glad to see 2020 come to an end. Many changes brought about by the pandemic are becoming permanent, causing businesses to respond in new and innovative ways. Suppliers have had to react to pandemic-driven disruptions in creative ways, and the impact of demand shifts along the supply chain has caused procurement organizations to need to quickly adapt. 

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Topics: Manufacturing

Reasons to Take a Second Look at Your Corrugated Vendor Contract

Posted by Jim Kurtz on Mar 12, 2021 8:00:00 AM

In today's challenging market environment, reducing packaging costs is essential. It may not occur to most companies to look at their corrugated supply vendor agreements for potential cost savings — but it should. Strategic Resource Management (SRM) understands these contracts, and we work with companies every day to locate and capture these savings. Working in partnership with our customers, we often reduce annual corrugated costs by double digits.  

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Topics: Manufacturing, Vendors & Contracts

Five Things to Know about the Coronavirus Impact on Manufacturing

Posted by Jim Kurtz on Jun 2, 2020 4:52:00 AM
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Topics: Manufacturing, Vendors & Contracts, Contract Management, Contracts

Checking Your Blind Spots in Vendor Negotiations

Posted by Jim Kurtz on Feb 9, 2020 4:30:00 PM

In our experience, whether it’s a packaging, transportation, temp labor, or a telecom agreement, saying “no changes, here’s my signature” is a classic blunder.

Why?

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Topics: Manufacturing, Vendors & Contracts, Contract Management, Contracts

Budget Season: Two Tips for Seeing Vendor Contracts in 2020

Posted by Jim Kurtz on Sep 22, 2019 10:00:00 AM

Staring down the barrel of budget planning for 2020? For many managers working with a calendar-based fiscal year, the dog days of summer also mean the advent of the annual planning cycle. Given all the uncertainties in the past few quarters, odds are that department heads are being asked to “do more with less,” or at least step up output at a faster rate than costs.

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Topics: Manufacturing, Vendors & Contracts, Contract Management, Contracts

Benchmarking for the Win

Posted by Jim Kurtz on Aug 27, 2019 10:26:16 AM

Does Experience Matter in Vendor Cost Benchmarking

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Topics: Manufacturing, Contract Management, Contract Tracking, Tracking, Vendor management, Benchmarking, Automation, SRM TAB, Auditing

Matching Regional Need With Regional Packaging Suppliers

Posted by Jim Kurtz on Jul 31, 2019 10:00:00 AM

Packaging Supplier

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Topics: Manufacturing, Strategic Sourcing, Packaging, transportation, converting, converters