You can improve business performance by aligning the objectives of purchasing management with your business strategies. At the strategic level, purchasing decisions affect profitability and business ...

In my last article I pointed out possible downsides to consolidating control of original equipment manufacturer (OEM) purchasing into a corporate group. The message there wasn’t meant to be that ...

For decades, businesses across industries have faced a particularly thorny problem: the disconnect between demand, procurement and supply chain management. Many companies have trouble delivering goods ...

LONDON--(BUSINESS WIRE)--SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their tail spend management study for a global consumer goods ...

Your purchasing and supply department keeps your other departments supplied with everything from paper clips to manufacturing materials. Purchasing staff build relationships and coordinate schedules ...

Procurement jumped to the forefront of every business leader’s mind during the pandemic. Images of container ships lined up at the Port of Long Beach and run aground in the Suez Canal were a stark ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Procurement and executive teams in the life sciences sector are facing increased pressure to adapt and optimize. Today, ensuring long-term business success requires more than just cost management — it ...

It is more important than ever for manufacturers to ask themselves: Does my procurement team employ best-in-class practices, sophisticated tools with the right talent, and the necessary formal and ...

Companies are increasingly struggling with procurement — the strategic process of acquiring goods and services to execute tasks across the organization. According to a recent survey from procurement ...