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The Bottom Line

A View of the Industry That Pulls No Punches

Packaging Costs Matter in Your Vendor Contracts

Posted by Ken Dunavant on May 3, 2021 8:00:00 AM

Interesting times are ahead for companies that purchase significant pulp and paper volumes, a group that includes virtually any manufacturer with packaging needs. According to the US Bureau of Labor Statistics Producer Price Index, from February 2020 to February 2021, pulp and paper prices increased more than 5%. Data published by the St. Louis Federal Reserve Bank shows that corrugated prices increased approximately 11.5% between September 2020 and March 2021. These price increases will soon show up in packaging costs...if they aren’t already.

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Topics: Manufacturing, Vendors & Contracts, Paper, Packaging, Vendor Contract, Vendor Contract Management

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

Efficiency: One of Packaging and Transportation’s Biggest Hurdles

Posted by Jim Kurtz on Jul 10, 2019 9:00:00 AM

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In any aspect of business, achieving a sense of efficiency—balancing effort, time, and money to achieve the best outcome—is hard work. This is a particularly unique challenge for packaging and transportation. From excess headspace to improperly scheduled routes, to simply being unaware of emerging shipping and packaging solutions, it’s easy for a business to unknowingly lose thousands of dollars and valuable resource hours per year.

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Topics: Manufacturing, Strategic Sourcing, Packaging, transport

How to Navigate Outbound Freight: It’s Much More than Getting Goods from Here to There

Posted by Mark Mrva on Jun 16, 2019 3:00:00 PM

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Topics: Manufacturing, Technology, Freight,, transport