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See how AI is impacting utilities sectors, driving electricity demand, and shaping modern power systems.

Understand his strategic reinvention of Procurement and lead your organization to reduce costs, minimize risk & drive innovation. See How!

5 Best Practices for a Successful Software Contract Negotiation in 2022

A “market basket” is a representative sample of the entire spend an organization intends to take out to market for quotation. Learn more!

In today’s fast-paced environment, upskilling your procurement team is crucial for maintaining a competitive edge.

As Procurement Teams shift from being a tactical function to a strategic one, the skills required of procurement top performers are expanding.

While it can be challenging to initially achieve strategic fit, once achieved, it can become much easier to control the value generated by Procurement.

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

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.

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!

Proactive Supplier Relationship Management improves the cost, quality, and service of that relationship. The benefits are immeasurable.

Practical strategies to modernize contract processes, improve collaboration, strengthen compliance, and unlock greater value.

Understand the fundamentals of effective contract management - lifecycle discipline, structure, and the role of data and technology.

The utility sector faces ongoing supply chain disruptions driven by tariffs and global uncertainty. By acting now and strengthening procurement strategies, utilities can build resilience and stay [...]

Explore how procurement leaders are attracting and retaining next-gen talent with purpose-driven culture, flexibility, and inclusive hiring.

Sole-source doesn’t have to mean second-best. By leveraging cross-functional expertise, research, and creativity, procurement can still deliver value, fairness, and innovation when competition [...]

Explore why procurement should harness data analytics, how to build trust in data-driven decisions, and how to responsibly leverage AI while placing people at the center of change.

Generative AI is changing the procurement landscape. Explore its impact and how to position your organization for genuine transformation.

Understand the key stages in the procurement process and learn how to improve procurement efficiency in your company with our step-by-step guide.

Contracting is vital to successful procurement operations, but what, how and why? Learn more about the Fundamentals behind contracting here!

Generative artificial intelligence (AI) is revolutionizing the nature of work across almost every industry, around the globe.

Mergers and acquisitions (M&A) are expected to rebound in 2024, returning from 2023’s sparse deal activity.

As your business grows or adjusts to industry changes, scaling your procurement strategy quickly and efficiently is crucial.

Procurement has undergone significant changes over the last 30 years, driven in large part by technological advancements.

In the face of unprecedented uncertainty in the global procurement and supply chain market, leaders must unleash their ingenuity...

In the competitive world of procurement, retaining top talent is vital for organizational success. Your procurement organization plays a crucial role in driving cost efficiency, fostering [...]

Understand the key stages in the procurement process and learn how to improve procurement efficiency in your company with our step-by-step guide.

Procurement is rapidly changing with the introduction of innovative technologies and procurement trends that will revolutionize the way organizations operate. In the coming decade, procurement [...]

In today’s competitive environment, attracting, developing, and retaining top procurement talent is crucial for success.

For our final installment, we predict that by 2030 the center-led procurement model will have evolved to an entirely new level. Procurement organizations will consist of a core business unit, [...]

In this edition of the ‘Bold Procurement Predictions for 2030’ Insights series, the product of extensive research and input from a think tank of experts in the supply chain field–with a look at [...]

In this edition, ProcureAbility examines digital security and the threat of data breaches. Cyber-attacks frequently originate from outside the company’s firewall, with many breaches due to [...]

Conference season provides excellent opportunities for in-person networking and professional growth. Keep in mind though that conferences cost time and money. It’s worth asking how you can make [...]

In this third chapter, ProcureAbility looks at the future of cognitive computing; a catchall term for a group of systems comprising of artificial intelligence (AI), expert systems, machine [...]

Rebranding your procurement department within your organization is a significant and important undertaking for your long-term success. The positioning of your procurement organization’s [...]

ProcureAbility assembled a team of experts to work on the problem, develop hypotheses, and offer thoughtful insights on emerging trends. They examined where the field is and where it is going in [...]

Managing Supplier Cost Increases in Inflationary Times

In this latest Insights, ProcureAbility explores Advanced Crowdsourcing, the first of five emerging trends that procurement organizations can expect to shift from the top of that pyramid to the [...]

Supplier Management Strategies for Mitigating Supply Chain Disruptions

Procurement organizations do not operate in siloes. We as procurement professionals work within the structure of much larger organizations that bring in other internal departments and [...]

A World in Flux

An inclusive procurement strategy leverages marketplace opportunities to build strong, forward-thinking, dynamic teams that are diverse, inclusive, and put people on par with profits. By paying [...]

Global Supply Squeeze Intensifies Push for More Predictive Procurement

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.

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 and 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!

Using procurement software is a proven way to streamline source to pay operations & help people focus on strategic, higher value activities.

As severe weather & other unexpected events become more common, Supply Chain & Procurement teams must lead toward new levels of preparedness.

Contingency clauses are important when specifications & outcomes are unclear. They support project execution & maintain strong, productive relationships.

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!

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.

Systems thinking helps to expose the root causes of problems, and it promotes a targeted approach for improving Procurement results.

Learn how to have a more meaningful social & economic impact, drive innovation, and improve employee & customer engagement.

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.

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.

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 or 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.

Learn why there is an increased importance on supply chain transparency due to public interest and learn of the many benefits to your organization.