Sourcing

Type the words “auto,” “procurement,” and “disruptions” into a search engine, and you’ll find an abundance of blogs, articles, and reviews discussing the automotive industry’s numerous challenges in terms of procurement processes over the past 5+ years. These challenges stem from various environmental and human-induced disruptions within the supply chain (such as COVID-19, tariffs, and

The turbulent events of the last two years brought the world, including the Metalcasting Industry, to a virtual standstill. With it, a realization of how dependent organizations are on close departmental interactions and supplier communities. Companies have reacted by shifting their focus towards collaboration and improving efficiencies. Purchasing is no exception. Many casting buyers still

Think of commodity managers as the quarterbacks of the supply chain team.  They need to collect a lot of supplier information, be quick decision-makers, and negotiate details but yet, see the big picture. The most successful commodity professionals constantly monitor market conditions to purchase when prices are ideal.  They analyze risk, develop forecasts, study trends

Thirty months since our team members first learned about Coronavirus (remember calling it that!) there is a lot we have learned. It is sobering to think about over half a billion people around the world have contracted Covid and we have over 6.35 million recorded deaths (excluding China, which has stopped publishing its counts). According

RFQ (request for quote) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RFQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB).  Up until the 1990s, these kinds of requests were issued