In a reserve price reverse auction, the buyer establishes a “reserve price”, the maximum amount the buyer will pay for the goods or services being auctioned. This is also sometimes called the desired price, or a qualification price.

A question I often hear from retailers, is how many suppliers do you have in your North American supplier database? I sometimes want to blurt out a response that is number oriented because ours is the largest and most diverse. However I end up holding myself back in order to better understand the question that is really being asked.

On the front page of USA TODAY, under the USA TODAY Snapshots® section titled Food Safety Fears. The question posed was. Compared with five years ago, are you more concerned about the food you eat. Of one thousand one hundred ten (1,110) consumers surveyed by Deloitte on April 21st of this year, 76% answered yes and only 24% answered no.

The SQF (Safe Quality Food) Program is a leading, global food safety and quality certification program and management system designed to meet the needs of buyers and suppliers worldwide. There are two sections of SQF. SQF 1000 is targeted at primary producers and SQF 2000 is targeted at manufacturers and distributors. More detailed inforamtion can be found at www.sqf.com. Schools are held regularly around the country for both groups and detailed information about these schools can also be found at www.fmi.org under the calendar section.
There ar

According to a variety of sources, the role of e- procurement continues to become more and more strategic each year. Driving cost of goods and services control is one of the most important above the line initiatives a company can undertake. Given the dramatic financial impact driven by these types of tools and the potential positive impact on earnings these initiatives should have the visisibility and oversight of senior executives.

Last night while flying to meet a customer the passenger in the seat next to me asked what I was reading. We’ve all known for a while that our seat partners look over our shoulders to see who we are and what we do.

I was reading USA TODAY’s June 18th edition and the title of the cover story in the Money section is How modern science and old fashioned detective work cracked the Salmonella case. Page two’s continuation title is Fast Action, great teamwork nabbed culprit.

The above quote was on a sign at a small restaurant/gas station in New Hampshire in the 1960’s and the play on words and the imagery it evokes also caused it to appear in Readers Digest.

Did you ever hear the old saying if sense were common everyone would have it? Well obviously in the procurement space internal collaboration would only seem to make common sense, but according to an Aberdeen Research Brief from April of 2008 titled Print and the (Collaborative) Revolution, that’s not always the case.
 

Beyond the obvious social costs associated with responsibility and culpability in the sale and consumption of tainted foods, the potential for huge litigation costs can put your company at risk for years after an incident actually happened.