Bulk Edible Oil Blog

3 Factors To Consider When Deciding If A Local Distributor Is Right For You

Posted by Hannah Broaddus

There’s a common debate for small and growing companies: when should you make the leap from buying from a local distributor or wholesaler to a larger bulk supplier. The reality is that it’s a larger change than you might be prepared for, even if you want the savings of working with a larger bulk supplier.

Here’s the most important things to consider as you’re thinking about buying from a national supplier.

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Industrial How-To Series: Choosing The Right Bulk Olive Oil Grade

Posted by Hannah Broaddus

Centra Foods receives questions from hundreds of manufacturers each year on the best ways to select specialty oil ingredients that fit their many different corporate goals -- one being cost savings, particularly for manufacturers using olive oil.

There are many components that can affect the total price of your olive oil, including the different quality grades of olive oil, the type of bulk packaging you choose, the volume of your orders, the distance of the shipping point and the experience or business model of your bulk supplier(s).  

In this part one of the series, we're going to weigh in with the different factors that relate to choosing the right grade of olive oil to meet your company's needs.

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What's The Avg. Salary For Your Procurement, Supply Chain or Purchasing Job?

Posted by Hannah Broaddus

If you're hoping get a promotion or continue to move forward in the career that you're in, it's helpful to have a good idea of what's "industry standard" in your position and work field.  

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How To Calculate or Convert The Price / Weight Of Olive Oil

Posted by Hannah Broaddus

Different suppliers -- whether they're located in the US or around in the world -- price oil differently. Sometimes it is priced per pound, per kilogram, per liter, per metric ton, or per gallon. It can be confusing to get pricing from so many different suppliers for bulk oils.

This means that as a buyer, you'll need to be prepared to convert both english to metric values AND volume to weight. Of course to do the latter, it depends on the density of the material (in this case olive oil).

To help avoid the confusion, we've written some conversion calculations you can follow rather easily.

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4 Steps To (Internally) Plan For A Bulk Olive Oil Contract

Posted by Hannah Broaddus

If you are thinking about contracting for your olive oil, you’ll need to do some preparation before signing on the dotted line. There’s a lot of internal review that typically goes on before you will be ready to pull all of your information together and work with your supplier to lock in any guarantees on supply and pricing.

If you’re gearing up for a contract in the near future, here’s the internal steps you’ll need to take to prepare.

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How To Set Goals For Yourself and Your Purchasing Department For 2017

Posted by Hannah Broaddus

Last year, I ran a half marathon. But I didn’t just go out and do it. I made a 16 week plan of the runs that I was going to do every day, and how I was going to build up to my 13.1 mile finish.

Professional goals are no different than personal goals like these, but professional goal setting often falls by the wayside. It’s important do strategic goal setting, both for your job and for your department -- especially if you manage other people.

Your professional goals also need a plan-- a course of action, or a list of small daily steps you’re going to take to help accomplish these goals. Here’s how to plan for improvement in 2015.

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The Most Important Information To Include On Any Industrial Food Purchase Order

Posted by Hannah Broaddus

Your order to any supplier is, at the very least, a gentleman’s agreement on both sides. Of course, to be able to get just what you’re looking for, you’ll need to make sure that you include all of the necessary details.

When’s the last time that your ordered a shirt on Amazon and you didn’t have to specify the size, or your shipping address?

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5 Tips On Procurement Negotiation (From The Psychology Experts)

Posted by Hannah Broaddus

Most jobs require at least a little bit of negotiations skills.

Procurement personnel, however, live in the world of negotiation day in and day out. Many of the most impactful moments of their careers involve negotiation. To be able to do their jobs well, these skills must be utilized on a daily basis.

To help you do negotiation better, here’s 5 tips (based on real psychological research) to help you do it best and get what you want.

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5 Basics Your Procurement Team Should Be Doing

Posted by Hannah Broaddus

In most organizations, procurement is recognized as a fundamental part of business and the most effective way to maintain long-term cost control.

The procurement department is usually thought of “the ones who purchase goods and services”, but really, their function is much more important than that. They are a window into understanding what’s really going on in your every day business operations.

Ernst & Young, a business consultant and knowledge provider, maintains that there are 5 basic things that you should expect from your procurement team. If you don’t have these basics, they argue, there is a good chance that money is being left on the table, strategic business decisions may be made in isolation, or you may not be utilizing the full potential of your procurement team.

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The Top 5 Challenges For A Chief Procurement Officer

Posted by Hannah Broaddus

Steve Trainor, the Managing Director of Xchanging, a procurement outsourcing provider recently did a survey of CPOs across the world.

In the process, he found that “reducing spend with third-party suppliers, driving down the cost of procurement, managing supply-led risk and harnessing true innovation from the supply base remain the most significant business objectives that the CPO must address.”

He also detailed five other challenges that procurement managers commonly come up against, which I’ve outlined below.

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