Prime Advantage Blog

Don’t Try This Alone

Posted by Mike McDonald on Oct 13, 2015 7:00:00 AM

Most big decisions in life are best suited for some level of consultation. Decisions like: Which college is the best fit for me?Can I really afford to buy this house?Should we have a kid? All should be decided on with more than just you in the room. The same rings true for running a business. You may have the world’s greatest idea and business plan, but if you’re going to execute, you’re going to need some help. And if you want to make it big, you’re going to need a lot of help.

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Topics: Buying Groups and Group Purchasing Organizations, Manufacturing, Strategic Sourcing

Check Your Biases at the Door

Posted by Guest Contributor on Oct 6, 2015 6:00:00 AM

As part of Prime Advantage, Endorsed Suppliers have been invited to share their insights on the present and future of manufacturing success. In this post, Craig Wilson, from American Recruiters, looks at personal biases and how they may impact our purchasing decisions.

Fall has officially arrived and here in Chicago there is finally a hint of Cubs playoffs in the air. (I know it is hard to believe, but please, these are the lovable losers. Of course the Bears are still a mess so it all balances out!) Fall is a time for change: leaves, temperature, colors, amount of day light, etc. It is also the time to make changes in our business planning, goals and objectives. I would like to share with you some portions of an interesting article I recently read in a publication which focuses on the future i09.  The article is titled The 12 Cognitive Biases that Prevent You from Being Rational. These predispositions really do affect the way we make decisions and by sharing them with my fellow industry professionals, it is my hope that we will be able to make better purchasing decisions and change our environment for the better. Here are some of the more common biases we see almost on a daily basis:

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Topics: Strategic Sourcing, Procurement, Talent and Leadership

Mexico Today - Sourcing and Supply Chain Development Opportunities

Posted by Guest Contributor on May 14, 2015 7:14:00 AM

As part of Prime Advantage, Endorsed Suppliers have been invited to share their insights on the present and future of supply chain management success. In this post, John Golec from Grupo Prodensa looks at the benefits of sourcing in Mexico.

Many companies continue to weigh the financial benefits of outsourcing production. One consideration in the matrix of possibilities includes location country. Recent years have seen companies moving production around the world. As the dollar strengthens, people are bringing some production back to North America. Mexico is benefiting from much of this near-shoring.

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Topics: Supply Chain, Strategic Sourcing

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