In a landscape shaped by relentless disruption, economic pressure, and shifting global dynamics, procurement has never been more critical, or more complex. At the crossroads of this transformation..

Maverick spending, also known as rogue or off-contract spending, is a silent drain on procurement performance. It happens when employees bypass approved purchasing channels and processes, leading to..

Every procurement leader knows the frustration of seeing small, unmanaged purchases drain budgets. This category, known as tail spend, includes low-value, high-frequency transactions that often go..

In May 2025, the United States and China reached a significant trade agreement that could have lasting effects on global procurement strategies and inflation control. The agreement focuses on..

In 2025, businesses across the U.S. are navigating a complex and fast-changing global trade environment. Recent tariff increases on purchases imported from certain trading partners are putting new..

Spend analysis in procurement is crucial for steering companies toward smarter, more cost-effective spending. The process involves closely examining and organizing data to reduce operational costs,..

Request for Proposal procurement (RFP procurement) is a structured method organizations use to solicit and evaluate competitive bids from vendors. The RFP procurement process creates transparency,..

You likely already know how important consolidating procurement processes can be. Consolidated procurement leads to improved supply chain management, greater operational efficiencies, and substantial..

MRO spend is what organizations spend to procure the products and services they need for their maintenance, repair, and operations activities. It includes costs for industrial supplies, spare parts,..