Procurement

Sustainable procurement is routinely mentioned as a key trend in future procurement and supply chain operations – but what does it mean and what … What is Sustainable Procurement?

International purchasing offices (IPO) are an interesting field of business management that is starting to grow in importance. As supply chains are growing larger … How to Outsource Procurement Using International Purchasing Offices

Sometimes the system just gets in the way. Here are 6 scenarios you will only understand if you have one of those infuriating purchasing … Six Ways Your Purchasing Process Drives You Crazy

Boost your internal procurement efficiency with these steps: standardize processes, set approval thresholds, reduce approval chains, and adopt cloud-based systems. Also, consider sourcing locally to expedite logistics and support the local economy.

Procurement is often a misunderstood and disregarded (unfortunately!) function of an organization. However, procurement optimization can produce a host of benefits and add tremendous value … How Procurement Optimization Adds Value to Organizations

Major shifts in the supply chain are impacting the future of procurement globally.  Companies all around the world are struggling to respond to emerging … What is Procurement Intelligence and How Can It Benefit Your Business?

Explore the distinctions between direct and indirect procurement. Dive into their roles, strategies, and impact on spend management. Discover how they influence a company’s operations, profitability, and supplier relationships.

Throughout history, advances in technology have allowed people to pursue creativity expand their minds to develop even more technological advancements.  As technology advances, so does … 3 Essential Qualities to Drive Effective Procurement

: Dive into the complete guide on the Procure-to-Pay process. Understand each step, embrace best practices, tackle challenges, and discover future trends for optimizing your business’s procurement and payment activities.

Many established companies use Key Performance Indicators (KPIs) as a way to measure the success of a particular activity that it is engaged in. … Procure to pay KPIs: 11 metrics you need to track