With sound purchasing management, manufacturing industries reduce their costs and maximize their return on investment. But many managers wonder what steps they should take to achieve this goal.Regardless of your industry, developing good practices and being able to...
For much of manufacturing industry in Québec, purchasing management remains a little-known option. Some executives continue to think that there is no need to set up a purchasing department, particularly if they have only one supplier. Managing purchases may seem like...
Negotiating effectively with suppliers and partners is one of the main keys to efficient purchasing management. It is also a good way of testing the waters and finding the best basis for agreement.And yet, negotiating is an aspect that companies often neglect. But...
Industry 4.0 has brought about a real revolution for manufacturing businesses, leading to many changes in procurement management. Réal Julien, J2 President, says it is vital that businesses keep step with this industrial revolution in their procurement management....
Developing procurement management expertise is an important goal for Québec businesses, and a sure way to attain it is to give employees an incentive to excel and innovate. Judicious use of positive reinforcement and highlighting of good moves made by employees and...
A well-managed procurement chain is the key that gives your business the means to achieve its goals. Procurement management may still lie somewhat “under the radar” in Québec, but it is a vital way to improve efficiency. Every dollar saved in procurement is an...
