How to Choose the Best Procurement Software

If you’re reading this, your team is likely taking the plunge and investing in procurement software. You might also be the primary advocate, and you’re looking to build a business case for a new procurement management.

Procurement Strategy: What to Do When You Have Limited Buying Power

David against Goliath. That’s what it’s like when a medium-sized business tries to get a good discount from a top tier supplier. It’s a bit like buying a nice car from a dealership. You’re fully aware that you’re.

A Quick Guide to the Pros & Cons of Centralized Procurement

Centralized procurement sounds ideal. One location managing most, if not all, of an organization's purchasing decisions. Anyone who has had to function within a decentralized procurement system knows the downsides..

Why Unplanned Spend Should Be a Thing of the Future (and the Past)

Before we get started it’s worth pointing out that there’s really nothing wrong with spot buying in procurement. Sometimes the situations we find ourselves in, or the way the market behaves, makes it completely.

Corporate Cost Reduction: a Stunning Way to Increase Your Savings

When it comes to corporate cost reduction and procurement strategy, you have several things to consider. First, is getting the best price on your indirect and direct spend – easier said than done. Second, is making sure.

Purchasing Cooperatives vs. Group Purchasing Organizations

Do you want better contracts and deeper discounts than what you're able to negotiate on your own? Then you’ve likely looked into joining a Group Purchasing Organization (GPO), or a Purchasing Cooperative (Co-Op). The.

Digital Procurement: How to Sell Your Team on the Tool You Want

“84% of procurement departments believe digitalization is the next step for their industry.” However, only “32% has created a plan for getting there” according to a recent Hackett Group report.  If you’re reading this,.

Strategic Sourcing: Fearless Procurement Leaders You Should Follow

Being a leader in strategic sourcing, means you're thinking not only about where your organization is, but where it should be. It means you're always keeping an eye out for the best procurement thought leadership,.

If You Travel for Business, You Need These Apps On Your Phone

It’s pretty ridiculous how dependent I am on my phone when I travel for work. In case I’d ever had any doubts, one fateful business trip proved it when my cellphone inexplicably died. I couldn’t find my hotel.

When Your Volume Is Too Small to Get the Contract You Want

You have a problem. A big problem. You’re a mid-sized business (aka anything smaller than a Fortune 500 company). As such, you need to make a variety of sourcing decisions. You have indirect spend and direct spend to.

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