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 ...

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 ...

When it comes to financial management, companies are forever walking the line between giving finance teams complete control and visibility over spend and allowing employees to move quickly without ...

Centralizing purchasing becomes increasingly more important the larger a small business grows. Most importantly, a decentralized purchasing structure in which individual departments are responsible ...

Every aspect of your business can benefit from being reviewed and evaluated from time to time. Procurement is no different. Yet too often this function is overlooked when it comes time for reviews.

AI has become everyone’s new favourite technology. A panacea that has become embedded across enterprise functions, from customer onboarding and compliance automation to operational risk management and ...

A context-aware approach to international purchasing may drive double-digit improvements in business performance. Ask any manager at a large organisation why the purchasing department matters, and the ...

THE major weakness in developing countries is the lack of procurement capacity. Procurement, together with engineering, are the oldest professions dating back to the first century. Unlike engineering ...

In a previous column, I took a shot at the strategy of centralizing purchasing. I received various feedback on this column, as well as a question. Namely, “Should supply management employees—and ...

Analysts continue to debate how long it will take for the global economy to return to "business as usual" status. But, a survey by Capgemini Consulting found that most CPOs and senior supply chain ...