Within procurement, digital transformation is rapidly changing the way practitioners manage their processes. Indeed, purpose-built procurement technology is now common in organizat...
Successful procurement is an ongoing process not a project. Indeed, there’s more happening behind the scenes within the procurement cycle than most people think. From beginning t...
When your business faces a challenge and needs to find a new solution, where do you start? How do you keep track of potential vendors and suppliers? Not only that, but how do you c...
It’s no secret that successful businesses are built on relationships. However, many organizations focus on developing and improving customer relationships, while overlooking the ...
Writing a procurement policy is a big undertaking. If you’re considering creating a new policy, you may find yourself asking: Why do we need one? What should it say? Will people ...
Sustainable sourcing is more than a procurement trend — it’s a competitive advantage, a way to mitigate risk and an avenue to cost savings. Unfortunately, while most businesses...
Procurement analytics has been a hot topic among supply chain and procurement professionals for several years. Indeed, in 2019, Deloitte’s annual CPO survey focused heavily on th...
How do you know if you should use an RFI vs RFP vs RFQ? It all comes down to what you’re trying to accomplish. While they all help organizations gather information from vendors...
Effective procurement should be a top priority for any business. From enterprise organizations with dozens of procurement professionals to businesses without a dedicated procuremen...
While the practice of procurement evolves constantly, the pace of change accelerated significantly over the last few years. Out of necessity, many procurement processes had to adap...
As procurement teams manage and analyze costs to maximize profit, understanding the purpose of each purchase is crucial. To achieve this, organizational spend is often broken down ...
As a procurement consultant, listening to and understanding client needs is absolutely essential. Indeed, it’s a key skill for anyone issuing a request for proposal (RFP) on beha...
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