According to a new report entitled Small Wind Power, released by Navigant Research, installations worldwide of small wind turbines are expected to double in the next five years. Small wind turbines (SWTs) produced 86 megawatts of energy in 2012, but should be producing 172 megawatts by the year 2018. A single megawatt of energy is…
It’s unclear whether global instances of procurement fraud are actually on the rise or if law enforcement has just become more vigilant in catching and prosecuting these criminals. Whatever the answer, there have already been many significant cases of procurement fraud identified worldwide in 2013. Here is how you can protect your company and its…
According to the latest reports and research, hiring trends heading into the second quarter of 2013 are slowly, yet steadily, gaining momentum. One such report, the Manpower Employment Outlook Survey released by the Manpower Group, predicts that hiring overall in the United States will increase by 11 percent in quarter two. This is 1 percent…
According to a report issued by the Freedonia Group Green Building Materials, green building materials will experience a greater rise in demand between now and 2017 than traditional building materials. The rebounding economy is spurring the overall growth of the construction and building materials industries, but consumer awareness of environmentally responsible alternatives, renewable energy sources,…
According to a new report issued by Ovum, an independent market analysis firm specializing in keeping track of information technologies, telecommunications, and other industries, global spending on information technologies contracts was lower in 2012 than it has been in a decade. This trend was evident in every major market around the world.
In 2011, the Federal Motor Carrier Safety Administration made big changes to its previous regulations regarding how truckers handle their mandatory rest periods. Previously, drivers had a lot more flexibility in handling their hours of service regulations, which require drivers to get a certain number of resting hours per work day, along with a longer…
Advances in web technology have opened a door of opportunity for procurement professionals. With an automated procurement system, including pay-to-procure, in-house, and stand-alone marketplaces, e-procurement provides a means for reducing costs, standardizing processes, and more. It’s a tactic being used by government agencies and companies in both private and public sectors.
Following DNA testing which revealed some meat products marked 100-percent beef actually contained about one-percent horse meat in European countries, supply chain and procurement leaders are re-thinking their risk strategies. The scandal has been spreading, with more companies jumping in on precautionary testing and even recalling meat products.
The procurement industry is undergoing a transformation, harnessing the power of cloud computing for improved visibility, stronger data analysis capabilities, and lower data storage costs. While the government is taking strides towards becoming one of the biggest adopters of big data, regulation-heavy industries, including procurement, can take advantage of streamlined process and better data management…
A newly released survey conducted by INTTRA reveals that e-invoicing could be the driving force behind reducing procurement costs in 2013. The survey focused on high-volume freight forwarders and shippers and includes several major global logistics providers.