Blog | ProcureAbility

Thank you for visiting our blog page for the latest thought leadership from ProcureAbility. Solely focused on procurement organizations’ success, our industry-leading insights and service capabilities helps our clients transform their operations, drive growth, and reimagine what’s possible. Let ProcureAbility help you reimagine your procurement capabilities.

A Human-Centered Approach to ESG Goals
Global Supply Squeeze Intensifies Push for More Predictive Procurement
A Human-Centered Approach to Supplier Diversity
Three Essential Steps for Establishing your Data Strategy
5 Best Practices for a Successful Software Contract Negotiation in 2022
How can Blockchain Technology Transform Supply Chain Management? See How!
Sustainable Procurement: 4 Steps for Transforming Your Organization See How!
Procurement Fraud: What is it, and How to Prevent it. Learn More!
Most mergers, acquisitions & private equity deals don't realize the desired ROI. See our 3-Phased method for Procurement Synergy Realization.
Understand his strategic reinvention of Procurement and lead your organization to reduce costs, minimize risk & drive innovation. See How!
Times of inflation may be daunting, but in fact they’re an opportunity to reinforce cost management that continues after inflation subsides.
Strong Supplier Relationships lead to Supply Chain Resiliency - the key factor that differentiates organizations in these trying times. Learn More!
Ask these 8 questions when developing your Procurement team's mission statement and transform from reactive & transactional to strategic and intentional.
These six strategies can help you safeguard your supply chain from the many re-opening risks including: delays, expedites & canceled orders!
How increasing your spend with Disadvantaged Business Enterprises (DBEs) improves market share relative to those with below-average DBE spend.
As data modeling & analytics tools become more prevalent, Procurement analytics can be a standard part of your process. Learn More!
Procurement automation is improving rapidly in complex transportation categories due to artificial intelligence & machine learning.
A global computer chip shortage is affecting many industries and analysts say the squeeze could last into 2022. Learn how to Manage it!
Struggling to incorporate data into your decision-making? Use these 3 data collection principles to drive your procurement strategy!
Understand the key stages in the procurement process and learn how to improve procurement efficiency in your company with our step-by-step guide.
Using procurement software is a proven way to streamline source to pay operations & help people focus on strategic, higher value activities.
Power Outages impact all industries & cause great losses. Procurement mitigates this with emergency generator procurement strategies.
Developing a Fleet acquisition & maintenance sourcing strategy will avoid costs, & boost the productivity of both your fleet & operations.
As severe weather & other unexpected events become more common, Supply Chain & Procurement teams must lead toward new levels of preparedness.
These 5 steps help ensure you receive the best outcome from the RFP process & it does not drain unnecessary time from your team. Learn More!
We ensure clients receive quality goods & services, on-time, & at the best price. Why not use these tips & tricks for your everyday purchases!
Sharing contextual spend data next to spend metrics shows successes that may be ignored or may occur during adverse supply chain events.
Proactive Supplier Relationship Management improves the cost, quality, and service of that relationship. The benefits are immeasurable.
We were named on the: Inc. 5000 for outstanding growth, Consulting Magazine’s Fastest Growing Firms & featured on CIO! How can we help you?
We celebrate Black History Month by creating an educated workplace, encouraging diversity, lifting up our communities & advocating for change.
Contingency clauses are important when specifications & outcomes are unclear. They support project execution & maintain strong, productive relationships.
When optimizing Supply Chains, actually collaborating with competitors might be the best way to manage risk, enhance capabilities, and strengthen your Supply Chain.
Here’s an overview of what’s happening in the 2021 transportation markets, plus, steps to protect your business and take advantage of new logistics opportunities.
Whatever the size of your procurement organization, if you are outsourcing services then there is something to be gained by exploring the Vested Outsourcing model.
Procurement organizations who don’t develop their strategy live with an overwhelming load of reactive, tactical work. Learn to prevent this!
COVID-19 forever changed Supply Chain Resiliency from a thought exercise to a competitive advantage for Procurement. Learn how to prepare!
Following this five-step process will allow you to: build stronger supplier relationships, improve quality and strengthen your business in the short and long term.
Which factors are most important to ensure the best outcome when navigating the supply market? Use tools such as Kraljic’s Matrix to determine priority and see improved outcomes
As Procurement Teams shift from being a tactical function to a strategic one, the skills required of procurement top performers are expanding.
While the preferred method of classifying hard & soft savings may vary, a standard method of measuring is crucial for accurate information. Learn More!
Learn how effective stakeholder engagement leads to strategic alignment between Procurement & the internal stakeholders they support.
While it can be challenging to initially achieve strategic fit, once achieved, it can become much easier to control the value generated by Procurement.
Systems thinking helps to expose the root causes of problems, and it promotes a targeted approach for improving Procurement results. See How!
We cover 3 types of transaction costs: Search & Information, Bargaining, and Policing & enforcement. See how they may apply to you.
Learn how to have a more meaningful social & economic impact, drive innovation, and improve employee & customer engagement.
A “market basket” is a representative sample of the entire spend an organization intends to take out to market for quotation. Learn more!
COVID-19 forces us to not only face intercompany and global economic disruptions, it challenges us build new solutions to new & old problems.
Supply Chain pros are encouraged to embrace the Design Thinking Process to develop new user centric solutions that drive efficiencies. Learn More!
We cover 5 key elements for presenting Procurement information to executives so that you communicate effectively, gain buy-in, and drive business results.
Procurement experts are in a unique position to significantly affect the bottom line. It is critical that companies realize the importance in their business practices.
Identifying suppliers in the medical device industry is not always as simple, purchasing controls and regulatory requirements must be established.
By switching to a circular supply chain concept, resources are used as long as possible, repurposed at end of life and sustainable growth is achieved.
A discussion on the impact of the "Business of Blockchain" across industries.
Robotic process automation (RPA) improves procurement processes & provides benefits like improved data accuracy, reduced costs, & increased output. Read on.
If well executed, Category Management produces far greater results for your procurement department and the organization than more elementary procurement approaches.
To ensure your procurement team evolves and keeps up with top industry performers, use performance metrics that excite the team, driving productivity levels to reach goals.
As costs rise and competition intensifies, companies look for creative ways to preserve margins. Here are eight steps you should consider for a successful supplier negotiation.
Excellent vendor relationship management can be the difference in simply working with a vendor & developing lasting strategic alliances and more growth.
Ready for Procurement Category Management? These diagnostic questions will help you determine if a move to Category Management should be in your near-term plans.
Microsoft PowerApps empowers you to build professional-grade apps easily. No IT/coding needed. Save time & money - achieve optimal efficiency across teams.
Learn why there is an increased importance on supply chain transparency due to public interest and learn of the many benefits to your organization.
Statements of Work are crucial to the procurement process and cover: performance, quality, cost, & more. Avoid these 5 common mistakes when writing yours.
Recruiters spend 5-7 seconds reading each resume & only 2% are strong enough to be selected for an interview. Learn how to craft your resume the right way.
Performing a PESTEL Analysis provides a view of key factors to consider when Procurement organizations are planning for change. Learn More!
At the recent Sourcing Industry Group (SIG) Summit hundreds of sourcing leaders gathered to share what they were doing to drive innovation in sourcing. Read on.
There is a tremendous amount of value to be gained by businesses that can collect and analyze newly available data. It is more than a buzzword - Learn More!
Grid modernization has gained recognized importance as the USA’s power transmission & distribution infrastructure ages. How can Procurement help with this huge effort?
When done correctly, sustainable procurement creates value for your organization, for society, the economy & environment. Click for More!
All members of a purchasing organization need to be in Cross-functional coordination for the team to create efficiency and cost savings. Learn More!
Contracting is vital to successful procurement operations, but what, how and why? Learn more about the Fundamentals behind contracting here!
Does your procurement team have access to the data that it needs to make informed decisions and develop effective strategies?
The most effective strategy treats suppliers as true partners who are involved in developing solutions AND executing them. Learn More!
Reverse auctions are typically for identical products but can be successful when the products are similar, with varying quality levels & specifications.
The Toyota Production System led to “Lean Manufacturing.” Did you know that the principles also apply to organizations outside of manufacturing? Learn More
This post helps procurement professionals avoid some basic financial analysis mistakes and it provides insights for interpreting the results of important profitability ratios.
Machine learning, can increase the speed and accuracy of your spend analyses, while reducing the amount of human interaction necessary to produce consistent results.
It’s important to know that putting in the work to create a strong SRM system will add value in the short and long term.
Many see data security & the resulting challenges as an IT problem, but Procurement's contracting processes play a crucial role in securing company data.
Here are a few preparation tips to consider that can create a much more seamless experience for both the buyer and the sellers participating a successful reverse auction.
On paper, we operate under the same mantra: Obtain & deliver the right product/service, at the right place, at the right time – all at the right price. If only...
Procurement is well-positioned to manage supply chain risks. Learn how the pros use a supplier risk management framework to manage these 4 risk categories.
See the Negotiation Tip Sheet which summarizes the key levers we recommend employing when negotiating...
Your heart is full of unwashed socks, your soul is full of gunk, Mr. Procurement Grinches, The three words that best describe you are as follows, and I quote, "Stink, stank, stunk"!
Our clients and the services we offer are an enormous priority and Thriving Customers + Growth = Happy ProcureAbility.
Market Intelligence coaches your team through on point, seasoned pro insights that can easily turn words into goal achieving actions.
Benefit from agile startups creating incredible new products targeting not only every day consumers, but large-scale enterprises as well.
Here we discuss how Procurement must move with the speed of artificial intelligence or Procurement's value to the organization will diminish.
Learn how measuring Supplier Key Performance Indicators (KPIs) is critical to developing a Best-in-Class Procurement organization.
What happens when a family’s electricity consumption doubles after they start charging their two new electric cars...
Data is the new basis of competitive advantage and companies that successfully harness this latent power quickly become leaders of the pack.
In this post, we’ll focus on why addressing Tail Spend is critical for allowing Procurement Organizations to reach their full potential.
Connectivity and The Internet of Things has totally changed our world. Rapidly evolving technologies, are both a positive and negative to business.
Let’s take a step back and narrow our focus to a more applicable aspect of the Blockchain: Smart Contracts.
M&A & divestiture activity can cause structural and financial changes to an organization. For procurement, managing this uncertainty can be difficult.
Discover utility company construction management challenges, reasons to source and reasons to use unit price contracts.
Reacting strategically trends in the freight industry can help minimize the negative effects of late shipments and increased prices.
High-quality translations in the Medical Device, Pharmaceutical, or Biotech fields are a necessity, not a luxury.
As technology continues to advance and customer service expectations soar, the traditional call center is transforming into a strategic partner.
Procurement of construction and engineering services is facing a new challenge in the form of substantial tariffs imposed by the US government on steel and aluminum imports.
Tail Spend is the group of up to 80% of suppliers that are responsible for the last 20% of the overall spend.
For companies looking to reduce processing times and create new efficiency savings, B2B payment solutions can be a great alternative.
Big Data is marked by the 5V’s: Volume, Velocity, Variety, Veracity, and Value. But what does that mean to Procurement?
Robotic Process Automation (RPA) is a technology buzzword you don’t want to write off.
Is it better to choose one complete end-to-end eProcurement suite, or select the best-in-breed solution for various stages of the Source-to-Pay process?
Artificial Intelligence and Blockchain, where you start and what you do next can create great opportunities for your company and department. Part 2
Artificial Intelligence and Blockchain, where you start and what you do next can create great opportunities for your company and department. Part 1
A clear contract guide can dramatically help the hand-off of a new contract from Procurement to the Business Unit.
The ProcureAbility Intelligence team has developed a three-part blog series to highlight the impacts of 2017's natural disasters on impacted industries.
The ProcureAbility Intelligence team has developed a three-part blog series to highlight the impacts of 2017's natural disasters on impacted industries.
The ProcureAbility Intelligence team has developed a three-part blog series to highlight the impacts of 2017's natural disasters on impacted industries.
As Baby Boomers resume their workforce exodus, Millennials continue to grow as the nation’s largest generation, 75+ million strong.
Multiple workforce trends present changes and challenges for procurement organizations. Fortunately, opportunities to adapt are on the horizon.
If you source marketing consulting, you may want to know that things are looking up since prices are trending down.
Advisory + Talent Your Way is more than a tagline to us, it’s the core of our new business model which has you, the customer at the center.
Sourcing professionals can leverage market intelligence in a variety of ways from reducing cost, to increasing budget accuracy, to improving credibility.
I'd like to take a moment to introduce you to ProcureAbility's new blog. Formerly known as Denali Group, ProcureAbility has been focused on procurement's success since 1996.

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