Businesses typically buy products or services from multiple vendors. Procurement professionals handle the details of procuring these purchases at optimal prices. Establishing consistent procurement ...

Procurement involves identifying and agreeing to terms for the acquisition of goods, services, or works from an external source, often via a competitive bidding process. involving constrained decision ...

Procurement department organizational structures often -- but not always -- reflect the organizational structure of your business. Additional factors, such as communication patterns, the size of your ...

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 ...

Effective procurement management is crucial for a business to maintain financial health and ensure operational efficiency. In discussing best practice, modern procurement management systems require an ...

Major companies have recognized the importance of investing in procurement performance management. In recent years, procurement’s role transformed from solely cost focused to one that is more vital.

While sometimes used interchangeably, it’s important to differentiate sustainability and ESG. Sustainability is how ...

Editor’s note: This article first appeared on the University of Tennessee, Knoxville’s Global Supply Chain Institute’s blog. It is being reprinted with permission. You can read the original post here.