A group purchasing organization (GPO) lowers your indirect spend by moving your existing supplier accounts onto pricing it has already negotiated, so you keep the same vendors, the same products, and..

Brent crude hit $138 per barrel on April 7, 2026. As of mid-May, it has settled around $108 to $110 per barrel, roughly $44 to $46 higher than the same time last year. The cause: military conflict in..

Procurement workloads climbed 10% in 2025 while procurement budgets rose just 1%, according to the Hackett Group 2025 Procurement Agenda Study. Category management in procurement is the discipline..

CenterPoint Group, a global leader in group purchasing and strategic procurement solutions, today announced the acquisition of Prokuria, an innovative artificial intelligence (AI)-driven procurement..

The US group purchasing organization industry generates $7.3 billion in annual revenue across 560 businesses (IBISWorld, 2025). Globally, the GPO services market is projected to grow by $2.05 billion..

In today’s volatile economy, procurement leaders are under more pressure than ever to reduce costs, increase visibility, and manage supplier risk. Yet one of the most overlooked cost-saving..

When it comes to choosing between ground shipping and express shipping, the decision often comes down to two things: cost and speed. Businesses and consumers alike want reliable delivery without..

Maintenance, Repair, and Operations (MRO) procurement is one of the most overlooked yet highest-impact areas in industrial supply chains. While MRO items may not be part of the final product, they..

If you have ever dealt with unexpected equipment downtime, urgent purchases, or scattered spending across multiple suppliers, you have already experienced why MRO matters. In procurement, MRO is one..