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Strategic Procurement — Everything You Should Know

Procurement Tactics

In this article, we will discuss what strategic procurement is. Having an insight into strategic procurement will enable you to streamline your current procurement process effectively. It is fueled by data and powered by technology that helps companies to get as much value as possible from available resources.

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Sustainable Procurement Business Drivers — Embracing Sustainability

Procurement Tactics

For this article, we will discuss the role of sustainability in procurement. Once you are finished reading this article, you will know what makes many businesses strive for sustainability. Additionally, you will be able to know how important it is to integrate sustainability into your procurement processes.

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The 5S of Kaizen — The Ultimate Guide

Procurement Tactics

51 ChatGPT Prompts to 10X Your Productivity in Procurement Download ChatGPT PDF Procurement Courses  Or receive our famous weekly newsletter The 5S of Kaizen — The Ultimate Guide The 5S of Kaizen comes under the umbrella of lean management aimed to eliminate waste within manufacturing operations. What is Kaizen?

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Managing Tail Spend to Avoid “Porcelain Dalmatians”

Una

Some procurement departments use the 80/20 Pareto principle to focus on the large (80 percent) clients and contracts where supposedly greater savings can be realized, choosing to ignore the smaller 20 percent. Five steps to setting up a tail spend management process. Managing Tail Spend to Avoid "Porcelain Dalmatians".

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Procurement Strategy Case Studies — 5 Insightful Examples

Procurement Tactics

In this article, we will check five procurement strategy case studies that can give you insight into strategies that they have done to streamline their processes. After reading this article, you will gain enough knowledge on tackling the problems in your procurement by formulating your very own strategy.

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IT Innovation and Procurement as the Driving Force

Una

Unless you work in a software development company, it is highly unlikely that the innovation you seek is coming from within the organization. Here are six ways for procurement to help drive innovation into the organization. Broaden your understanding of what constitutes innovation in IT. By Hugo Britt | November 8, 2022.

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The Future of Procurement

Una

Five Predictions for the Future of Procurement. As many companies struggled over the past three years, the pandemic became an enormous opportunity for global giant Amazon and other companies to capture a much larger share of low-value repeatable purchasing. The “old way” of thinking about procurement is out. Far from it.