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 ...

Organizations must move beyond seeing procurement as merely a cost center. Through discussions with chief procurement officers and financial leaders across sectors, three key elements consistently ...

What are the most common types of procurement? Procurement stands as one of the most influential business functions in modern organizations, directly impacting both financial performance and ...

Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

Today’s value-based care models emphasize the importance of delivering high-quality care at a reasonable cost, rather than paying for treatment based solely on the volume of services provided. By ...

A recent survey from Boston Consulting Group found that 65% of executives are prioritizing supply chain and manufacturing costs as the biggest levels for organizations to pull for cost savings. This ...

Travel and hospitality buyers are embracing new approaches to deliver wide-ranging benefits and transform the guest experience. At a time when hospitality companies continue to struggle with staffing, ...

Sabura // Shutterstock Material procurement explained: Process, strategies, and benefits Getting the right materials at the right time and price is incredibly important for any successful business.