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 ...

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 ...

For many years, the role of the procurement department in creating competitive advantage was overlooked. Rarely was it considered a significant source of cost savings or a driver of organizational ...

Over the years I have been fortunate to collect a wealth of both academic knowledge and professional experience in sourcing management. I have witnessed how the perception of procurement contribution ...

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 ...

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 ...

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 ...

“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 ...

Regeneron SVP and CPO Matthew Everett is redefining procurement’s role to help the biotechnology company advance its global growth agenda. In just over two years, Everett has built the procurement ...

Consider this real-life story: A procurement team was looking to modernize its operations. The team ran purchasing for a company with more than 4,000 employees, and it felt that its process could use ...