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The State of US Decoupling from China

Interesting to see the US import trendlines.  Clearly this supports the continuing US decoupling from China (bold orange line).  The big winners of the decoupling are Mexico and Canada which have now…

K2 Sourcing PPI Report for Procurement Professionals

K2 Sourcing economic indicators for procurement report of US July PPI, based on data from the BLS (https://lnkd.in/gW4dSskq) In July 2024, the U.S. Producer Price Index (PPI) for final demand increased…

Understanding Reverse Auctions in Procurement Part One

Understanding Reverse Auctions in Procurement: Part One History of Reverse Auctions Because of their immense success at generating cost savings and their ability to increase efficiency, reverse auctions…

A Succinct Guide To Strategic Sourcing

A Succinct Guide to Strategic Sourcing Strategic Sourcing is a fundamental strategy for organizations seeking to maximize the value suppliers provide. Strategic sourcing aims to optimize costs, mitigate…

Impact of Current Tariffs on Strategic Sourcing

Broad tariffs have passed in the US, impacting steel and aluminum, among other categories. Here is a summary of the new US tariffs, targeting $18 billion of Chinese imports, and comments on the aluminum…

Procurement Service Providers

Using a Third-Party Procurement Provider to Spur Negotiation Success I see this time and time again: when people bring a third-party procurement and strategic sourcing company (like K2 Sourcing) into a…

10 Steps for Negotiating Procurement Cost Avoidance

How to Respond to Supplier Price Increases: Procurement Sensitivity Class To respond more empathetically to salespeople asking for cost increases, I recently took a sensitivity class.  I came up with…

Understanding Current Ratio for Risk Mitigation

What is Risk Mitigation? Risk mitigation refers to the process of taking proactive actions to reduce the likelihood or impact of potential risks and uncertainties that could affect the success of a project,…

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