How the Market Basket Approach Simplifies Complex Procurement RFPs
A “market basket” is a representative sample of the entire spend an organization intends to take out to market for quotation. Learn more!
Spend Management
Simplifying CPG Portfolios: How procurement helps reduce complexity and boost profit
As CPG portfolios balloon and SKU complexity erodes margins, leading companies are turning to procurement‑led SKU rationalization to uncover hidden costs, simplify operations, strengthen supplier [...]
Cost Management in a Volatile Market Environment
Managing Supplier Cost Increases in Inflationary Times
A Human-Centered Approach to ESG Goals
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 [...]
How to Improve Your Procurement Data Management in Three Steps
Struggling to incorporate data into your decision-making? Use these 3 data collection principles to drive your procurement strategy!
Digital Procurement: How to Streamline Source-to-Pay and Unlock Strategic Value
Using procurement software is a proven way to streamline source to pay operations & help people focus on strategic, higher value activities.
Spend Analytics Basics: Analyze Your Spend in 4 Steps
This 4-step process will lead you to quick, insightful spend analysis results and give direction for implementing more advanced techniques.
Understanding Hard Savings vs. Soft Savings: A Guide for Procurement Professionals
While the preferred method of classifying hard & soft savings may vary, a standard method of measuring is crucial for accurate information. Learn More!
Applying Systems Thinking to Procurement: A Smarter Approach to Solving Problems
Systems thinking helps to expose the root causes of problems, and it promotes a targeted approach for improving Procurement results.
Beyond Cost Savings: How Procurement Impacts Financial Statements
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.