The Thomas Blog

JULY 6, 2022

The industry's most trusted sourcing platform at Thomasnet.com hosts more than 500,000 North American suppliers and brings millions of buyers each month. In fact, every second, a supplier is evaluated by a buyer on the platform. Your buyers needs are changing and it's important to update your online tactics to meet those needs too.

Networking 98

Networking Buyers Budget Suppliers 98

Supply Chain Game Changer

SEPTEMBER 18, 2022

Gox went bankrupt in 2014 after it was revealed that 850,000 Bitcoins were stolen from the exchange. If you want to cash out your cryptocurrency, you will need to find a buyer who is willing to pay you in fiat currency, such as dollars or euros. Once you’ve found a buyer, you will need to send them your cryptocurrency.

Risk management 109

Risk management Risk Management supply chain software solutions 109

Procurement Insights

OCTOBER 24, 2022

Point #1 – Going back to my 2008 & 2014 posts, McKinsey & Company survey of CFOs found that the C-Suite did not believe that procurement was delivering savings or value to the overall enterprise. 2008/2014 posts – [link]. Also, what buyer behaviors have they rewarded?

Strategic sourcing 64

Strategic sourcing Strategic sourcing Buyers Procurement 64

Supply Chain Game Changer

MAY 23, 2022

Purchasing items for projects has always been difficult because of high administration costs and risks associated with both the buyer and seller. In 2014, the central bank released a white paper outlining how bitcoin’s blockchain could benefit the economy.

Supply Chain Efficiency 86

Supply Chain Efficiency Bidding Networking Supply chain 86

Supply Chain Collaborator

MARCH 17, 2015

The short version is that 2014 came darn close (with 86 trucking and logistics companies acquired) to beating the record of 90 acquisitions set in 2007. In either event, there is a case to be made for the role of logistics IT solutions to help smooth the process of consuming or being consumed. Read on for details.

Logistics 68

Logistics Buyers Supply Chain Efficiency Influencing 68

Let's Talk Supply Chain

AUGUST 21, 2023

With over $8 billion of product sourced, nearly 1 million RFQ’s and over 50,000 buyers and suppliers involved, they are the world’s largest manufacturing marketplace. From 2014 to 2017, Mr. Kress served as Chief Operating Officer then President at Open English, an online education platform.

supply chain software solutions 52

supply chain software solutions e2e Buyers supply chain budgeting 52

Jaggaer

JULY 2, 2020

It’s become standard for companies to train their employees on negotiation tactics to get better deals from suppliers, but these skills are also useful outside of the buyer -supplier relationship. Supplier negotiation skills are essential for anyone working in procurement. The Number One Tip for Successful Negotiations? Be Prepared!

Negotiation 71

Negotiation Supplier negotiation Procurement Suppliers 71

Procurement Insights

SEPTEMBER 3, 2022

The importance of paying on time or early is reflected in the US Government’s 2014 SupplierPay initiative based on their 2011 QuickPay program success. I want to invite them to comment. .

Suppliers 45

Suppliers Buyers Import Quality 45

Procurement Insights

JANUARY 16, 2024

I have been negotiating as either a buyer or a seller for most of my life. LinkedIn, May 2014) – Note: this post still holds the record for comments with 242. That proves that sometimes, no matter how well-prepared you are, the other side of the table remains unreasonable. What Makes Someone A Good Negotiator?

Negotiation 52

Negotiation Supply chain resilience Contract Influencing 52

Procurement Insights

AUGUST 26, 2024

On a personal note, one of the best honors I received was being given an American Flag that was flown over the State’s capital building regarding my session at the 2014 Public Procurement Forum on “Bridging the Disconnect Between Finance and Purchasing.” In the U.S.,

Procurement 52

Procurement Eprocurement Supply Chain Efficiency supply chain software solutions 52

Supply Chain Game Changer

FEBRUARY 3, 2022

The 2014 Rule was for class III devices. Manufacturers can even make use of their PIM to increase their engagement with their institutional clients, along with individual buyers. The UDI Rule was started by FDA in 2013 to develop regulatory mechanisms, track down medical device products, and enhance product safety for patients.

Supply Chain Efficiency 85

Supply Chain Efficiency Supply chain Supply Suppliers 85

Let's Talk Supply Chain

JUNE 5, 2023

From 2014 to 2016 Jonas was a Key Account Manager and Business Development Manager and in 2016 he took over responsibility for Leschaco’s global digitization efforts as Head of Global Business Transformation. Check out our other podcasts HERE.

supply chain budgeting 59

supply chain budgeting supply chain software solutions Supply Chain Optimization e2e 59

Procurement Insights

MAY 15, 2024

In marketing, case studies are used as social proof — to provide buyers with the context to determine whether they’re making a good choice. – I have asked our account management team to provide me with a list of 5 – 10 global industry buyers who can provide us with up-to-date case studies. Provider Sales Rep.

Buyers 40

Buyers Influencing Procurement Demand 40

Value Match

AUGUST 4, 2022

The human right and modern slavery abuses go back further, with reports as far back as 2014 outlining employees of the Leicester textile sector earning just £3 an hour! A recent report by the Low Pay Commission (LPC) details how textiles manufacturing in Leicester has been the focus of substantial enforcement activity.

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Ethics Supply 52

Procurement Insights

JUNE 24, 2022

” The subject of spreadsheets didn’t come up again until January 22nd, 2014 , when Buyers Meeting Point’s Kelly Barner did a Dragon’s Den review of the GroupRFx solution. ” Patel adds, “Excel, Word and email are still dominating the buyer/seller interaction for all transactions.”

Procurement 52

Procurement supply chain budgeting Buyers supply chain software solutions 52

Zycus Cognitive Procurement

AUGUST 10, 2021

Thus all the stakeholders, including buyers, suppliers, and finance departments, can achieve various tactical and strategic benefits. REGION-WISE MANDATES: The deadline for European countries to include Directive 2014/55/EU into their national laws and follow the standard on E-invoicing was 18th April 2020.

Suppliers 40

Suppliers Buyers Data Contract 40

Zycus Cognitive Procurement

MARCH 25, 2021

Having mandated it many years ago (as early as 2014), the American and European markets were the early adopters and have a higher adoption rate by now. Electronic invoicing (e-Invoicing) is the invoice document exchange between a supplier and a buyer in an integrated electronic format. Mn by 2027 from US$ 1,241.7

e2e 40

e2e Real-time Visibility Supply Chain Efficiency Buyers 40

Claritum

APRIL 25, 2018

In many companies problems can arise when promotional goods are by inexperienced buyers from unapproved suppliers. And as many suppliers are based in the Far East, buyers need to understand local pricing, duties, testing and shipping to ensure they receive the right product to enhance their promotional strategy. 2014 – $20.0

Sourcing 32

Sourcing Buyers Purchasing Spend management 32

The Good Spending

NOVEMBER 5, 2021

These additions are most important when buyers consider remote locations as physical goods sources. Total Landed Cost (TLC) The first step of the procurement journey to value starts from the Total Landed Cost. TLC adds transportation, packaging, and storage costs to the unit prices. It still avoids subjective matters of value and risks.

Procurement 52

Procurement Bidding Contract Supply Chain Efficiency 52

Supply Chain Game Changer

FEBRUARY 16, 2020

If IKEA sees that no changes have been made, their contract with the supplier is terminated ” (Chandler 2014). A Supplier CoC, and its application, is relative and individual to the organization that plans on implementing one, but should always be present.

Procurement 54

Procurement Supplier relationship management Supply Chain Efficiency Suppliers 54

Supply Chain Game Changer

NOVEMBER 26, 2018

If IKEA sees that no changes have been made, their contract with the supplier is terminated ” (Chandler 2014). A Supplier CoC, and its application, is relative and individual to the organization that plans on implementing one, but should always be present.

Procurement team 43

Procurement team Supplier relationship management Procurement Suppliers 43