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Unleashing the Power of Procurement Buyers: Delving into this Impactful Role

Arkestro

After years of focusing on cost reduction, the majority of procurement leaders say they plan to spend more and increase workloads in 2024, meaning procurement buyers will have more power to influence change and optimize spend across the entire supply chain. But what does a procurement buyer do, exactly?

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Purchasing problems: 10 common challenges every purchasing manager faces

Procurify

Before, purchasing managers often prioritized spend management. Although this is still an important part of their job, strictly working with low-cost suppliers isn’t always the best way to manage spending. Companies that adapt to supply chain volatility can swim against the tide. .

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Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

ivalua

Retail and tech expert Greg Petro says that, “ while the supply chain moves at a snail’s pace, the consumer is moving at the speed of light… the “see now, buy now” economy is here to stay”. Zara can have similar clothing in its shops just two weeks after a new design idea has appeared on the catwalk.

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7 Best Procurement Tools to Streamline Your Business Processes

Pipefy

Many organizations have implemented software automation tools that allow them to get more done at a lower cost, but procurement is one area that has lagged behind in this trend. According to Amazon’s 2024 State of Procurement report, 95% of decision makers believe that procurement has room for optimization.