Consequences of Getting Procurement Involved Too Late
Without procurement involvement, a stakeholder may fail to connect the dots between different business objectives, and the value for money in their purchase.
Learn how to engage stakeholders early to amplify the value procurement brings to the table.
Why Professionals are Always Time-Poor in Procurement
Struggling to find time in procurement harms the ability to drive continuous improvement. Constantly playing catch-up means larger projects and other strategic initiatives get left behind.
Stop struggling with being time-poor and pave the way for bigger projects, more strategic thinking, and better innovation.
How Procurement Can Risk-Proof an Organization During a Recession
With a possible recession looming, procurement professionals need to be paying attention as the function has a crucial part to play during an economic downturn.
Here are five steps procurement can take to risk-proof an organization against the impacts of an economic recession.
Moving Supplier Relationships from Transactional to Strategic
Strategic suppliers can offer cost-savings ideas, efficiencies, and will know and understand your needs much better than a transactional supplier.
Get tips for shifting your supplier relationships from transactional to strategic in an effort produce more cost-saving ideas and value.
Benefits Realization in Procurement
Failure to monitor contract compliance and supplier performance over time leads to the erosion of the monetary and other benefits you worked so hard to secure throughout the supplier negotiation process.
Discover how benefits realization in procurement allows professionals to identify areas for improvement, adjust procurement processes, and optimize procurement activities to achieve better outcomes.
Focusing Beyond Cost in Procurement to Drive Value
Cost is, and should always be, a foundational part of procurement’s purpose but expanding its focus beyond cost will unearth other sources of value.
Explore these areas to bring exciting new sources of value to your organization and align with your company's goals and objectives.
Improving Time-to-Source in Procurement
Improving time-to-source in procurement leads to a boost in agility, streamlined sourcing processes, greater customer satisfaction, and increased cost savings.
Find eight ways to cut down on the amount of time it takes to procure the things you need to run your business.
How to Build Procurement Influence (and Why it Matters)
A lack of procurement influence drives up company spend, impacts communication, leads to higher instances of maverick spend and procurement bypass, and damages supplier relationships.
Explore how to build procurement influence as a way to stay engaged with other business functions, drive value, and achieve more desirable outcomes.
When Supplier Negotiations Come to a Standstill
Supplier negotiations can break down for several reasons so knowing how to prepare head of time, and how handle differing viewpoints is key.
Learn what to do when supplier negotiations appear to be at an impasse, why negotiations break down, and how to up your chances for success.
The Procurement Talent Shortage
Factors like the Great Resignation, demographic shifts, and fierce competition are leading to a global talent shortage - for the procurement industry and beyond.
Explore ways to rectify the procurement talent shortage by attracting and keeping top sourcing candidates.