Prime Advantage Blog

Achieve More with a Group Purchasing Organization

Posted by Joe Ptak on Feb 22, 2017 9:50:00 AM

Group Purchasing Organizations (GPOs) are a great way for manufacturers and businesses to increase resources, as well as get the most out of the resources they already have. Simply stated, GPOs aggregate and leverage the purchasing power of companies to drive down costs. They expand professional networks to elevate opportunities and reduce risks in the supply chain. And they provide market intelligence, vetted connections, and access to best practices to help businesses make better decisions.

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Topics: Buying Groups and Group Purchasing Organizations

Keeping Your Supply Chain Moving Smoothly Down Risky Roads

Posted by Alison Chebuhar on Feb 14, 2017 2:00:00 PM

With supply lines growing longer and competition continually increasing, keeping a supply chain running efficiently requires a more complex strategy than ever before. Fluctuations in demand and regulatory protocol further muddy the waters when determining the best options available to mitigate risk. The current landscape requires a better business-value approach for any company with growth aspirations, or at the very least, looking to stay afloat.

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Topics: Supply Chain

Reduce Your Healthcare Costs with Simple Technologies

Posted by Mike McDonald on Feb 9, 2017 3:00:00 PM

Healthcare spending continues to put more and more of a strain on employers and their employees with each passing year. As national healthcare reform looks to be a continual and unpredictable process, it’s up to individuals to find small ways to save on healthcare expenses wherever they can; in hope that all those little reductions will add up to something significant. Leveraging various easy-to-use technologies is a great strategy to employ to reach this goal.  

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Topics: Industry News

Playing the Long Game with Your Productivity

Posted by Guest Contributor on Feb 7, 2017 2:00:00 PM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Andy McNulty of Communication Performance Management Associates, discusses how you can be more productive by keeping score of your goals.

No, life is not a game. But it can be a lot of fun and maybe we’d be better at it if we kept score. For example, everybody I know who plays golf wants to play more. But as marriage and work and kids tend to creep into our (tee-)time, it gets more and more difficult to find the time and the money, and even the accomplices, with whom to sneak away with and squeeze in even nine holes. If we were more efficient with those things which appear to be the obstacles to our golf game, we’d have more resources to allocate to playing. Ironically, “playing golf every day,” can help us to play more golf…or at least be more productive and do something we really want to do if playing golf isn’t it. (Some people would rather fish.) 

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Topics: Talent and Leadership

The Top Global Risks Affecting Procurement Today

Posted by Dan Grant on Jan 31, 2017 11:15:00 AM

Procurement professionals are always striving to not only make better decisions, but to make them more rapidly. The level of intelligence purchasing departments can attain on precisely where supply chain risks lie, as well as on the most cutting edge solutions to dealing with them, will dictate how successful they are in reaching these goals. According to Spend Matters, as supply chains become increasingly global, the possible threats become more and more of a moving target.

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Topics: Industry News, Procurement

Achieving Better Supplier Relationships with Better Data

Posted by Guest Contributor on Jan 26, 2017 11:00:00 AM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Stephanie Dula, Communications Manager at PayStream Advisors discusses strategies for better corralling procurement data.  

Today’s procurement professionals are seeking new ways to gain visibility into the massive transaction volume that accompanies digitized business processes. In an ideal world, this data is visible, meaningful, and actionable. But we don’t exactly operate in an ideal world. Much of the data challenges that operations wrestle with are related to their supplier networks. In fact, poor data management ranks as the number one obstacle to smooth supplier relations according to PayStream Advisors.

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Topics: Industry News, Supplier and Member Best Practices

The Top Five Time Management Apps for Business Professionals

Posted by Guest Contributor on Jan 24, 2017 11:00:00 AM

Prime Advantage has invited industry experts to share insights on achieving manufacturing and business success. In this post, Jason Dasher of Commercial Truck Financing discusses the apps everyone in the business world needs to save time.

Time is one of the most important resources for a company because it plays a key role in determining productivity and profitability. Unfortunately, time management depends on other factors of production such as workplace policies, collective staff morale, as well as financial incentives.

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Topics: Industry News, Talent and Leadership

Warehouse Resolutions to Implement This Year

Posted by Guest Contributor on Jan 19, 2017 11:00:00 AM

Prime Advantage has invited industry experts to share insights on the present and future of achieving success in manufacturing and business. In this post, Tom Reddon of National Forklift Exchange, discusses how manufacturing organizations can improve their warehouses.

Working in the warehouse can be a tough and difficult job. At times, many warehouse operations may seem to be overwhelming. Make it a resolution this year to make your warehouse a better one. There are many steps you can take to achieve such an objective. Reinforcing safety principles, promoting teamwork, and implementing automation are just a few ways any organization can drive continuous improvement in their day-to-day warehouse operations.

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Topics: Manufacturing

Why We Are Failing Faster Than Ever (Part 2)

Posted by Guest Contributor on Jan 17, 2017 3:00:00 PM

The Case for a Revolution in Supply Chain Management

Prime Advantage has invited industry experts to share their insights on the present and future of manufacturing success. In this post, Chad Smith of Demand Driven Institute discusses the new approaches that must be implemented for supply chain management success in today’s marketplace.

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Topics: Supply Chain, Industry News

When Does Product Sourcing Become Ideal for an Organization?

Posted by Guest Contributor on Jan 10, 2017 1:00:00 PM

Prime Advantage has invited industry experts to share their insights on the present and future of manufacturing success. In this post, Shruti Agrawal, Director at Excella Worldwide, discusses how to be more strategic with product sourcing.

A lot of companies outsource services for a host of benefits, and product sourcing works on similar grounds as that of sourcing customer service, as well as operations. Product sourcing is much like outsourcing, but what is being procured from overseas is a product or products manufactured by partnered wholesale companies.

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Topics: Supply Chain, Strategic Sourcing, Procurement

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