In today's business world, cost reduction has become a critical factor for many organizations, and procurement is no exception. The procurement function plays a crucial role in helping organizations..

Across industries, more and more businesses are taking proactive steps to enhance their diversity, equity, and inclusion (DEI) efforts. Increasing supplier diversity spend is one of the most..

You know processes for identifying needed goods and services, finding and evaluating suppliers, and negotiating and managing contracts.  But have you discovered the power of procurement analytics? ..

For decades, underrepresented groups have faced significant barriers in business. Women, people of color, and other minority groups have struggled to access the same economic opportunities and..

The global economy continues to struggle with rising prices for goods and services. As a result, companies are paying closer attention to procurement inflation strategies. The higher costs of what..

Procurement departments play a fundamental role in the success of an organization's supply chain management. Sourcing professionals manage the requisition process, aiming to secure the lowest..

“Spend analysis” is exactly what its name suggests. It’s the formal process of analyzing how an organization spends money. Spend analysis turns raw, real-time data about where an organization’s money..

Effective supplier selection plays a critical role in business growth and development. Working with the right suppliers ensures timely product and service delivery and compliance with industry..

When a contract is awarded in modern supply chains, it has an impact on many companies beyond the two parties signing it. Prime suppliers, also called prime vendors, are companies to whom the United..