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 ...

How can your company improve its supply chain by streamlining procurement through digitalization and automation? What steps are needed to get started? Most importantly, what’s the payoff? Driven by ...

In the following article, from 2014, I discussed an organization-related issue that limits the overall positive impact the purchasing function can have on company financials. Specifically, the article ...

When you think of Coca-Cola, what comes to mind? A caramel-colored carbonated beverage that provides you with a pause that refreshes during work and play? Or perhaps it’s that uniquely shaped bottle ...

“Where procurement is going next” found that companies excelling in procurement had digital capabilities maturity scores 40% higher in strategy, digital and data/analytics compared to average ...

In my previous article, we kicked off a series on the purchasing function by addressing the mindset it takes to achieve excellence in purchasing. Of course, it’s the same mindset that continuous ...

Procurement is facing a moment of reinvention. As supply chains become more digital, complex, and customer-driven, the traditional focus on cost reduction is giving way to a broader mandate: deliver ...

IFAD’s Online Project Procurement End-To-End System (IFAD OPEN): a system that promotes transparency, competition and value for money inspired by the World Bank STEP system. The International Fund for ...

What you need to know: When procurement functions strategically, the benefits extend beyond individual organisations. Smart procurement can stimulate local markets, support small and medium ...