Where does your business stand on a procurement maturity level? If you want to improve something, a good first step is to evaluate where you are and determine your strengths and weaknesses. The ...

You can improve business performance by aligning the objectives of purchasing management with your business strategies. At the strategic level, purchasing decisions affect profitability and business ...

The world’s leading global companies are looking to the sourcing and procurement function to do a lot more than cut the price of supplies. Procurement continues to be under intense pressure to ...

What is procurement? Procurement is the strategic process through which organizations acquire the goods and services necessary for their operations. This function encompasses identifying needs, ...

The future of procurement lies with artificial intelligence — and big changes are coming. AI promises to radically reshape the procurement function in the next few years. On this episode, we learn the ...

Every aspect of your business can benefit from being reviewed and evaluated from time to time. Procurement is no different. Yet too often this function is overlooked when it comes time for reviews.

For many years, the role of the procurement department in creating competitive advantage was overlooked. Rarely was it considered a significant source of cost savings or a driver of organizational ...

Companies are always looking for ways to save money. They may have already cut costs in areas like manufacturing and shipping. Now, they're turning to a hidden area where they can save more money ...

LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has announced the completion of their most recent whitepaper on the role of artificial intelligence in transforming ...

With a renewed focus on "doing more with less," many organizations are looking at how the adoption of lean processes can increase efficiency and thus grow their bottom line. Lean programs within ...

What are the most common types of procurement? Procurement stands as one of the most influential business functions in modern organizations, directly impacting both financial performance and ...