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.

Procurement was once seen as just a link in the chain of business operations. It was the process by which operators secured their products and services. While consistency was desired and affordability ...

The 2024 Economist Impact report highlights the strategic importance of procurement in managing risk and driving sustainability. As previously reported, procurement is gaining prominence in the ...

There’s always been procurement in supply chains — but today’s CPO is a whole different animal. Procurement sits at the center of every global supply chain, for acquisition of raw materials, ...

In the Economist Impact report, titled “Across the procurement-verse: Changing trends in the procurement function”, sponsored by SAP, surveyed executives share increased confidence in procurement to ...

Even as more organizations recognize the value of automating processes in controlling spend, many are not investing the necessary resources to do so. A recent survey from JAGGAER found that even as 75 ...

In today’s economic climate—between supply chain snags, a downturned economy, inflation, the skills gap and more—cost reduction is top of mind for many procurement teams. One silver lining is that the ...

The last year and a half has been tremendously disruptive to all kinds of businesses, particularly the retail industry. For most types of consumer retail stores, the pandemic scared regulars away, ...

Purchasing is responsible for the procurement process. This means it ensures the supply of goods, production materials and equipment so that a smooth production and sales process can take place. For ...

Fiat Chrysler Automobiles has appointed Carl Smiley, a former Magna Steyr and General Motors veteran who worked in engineering, supplier quality and purchasing, to the newly created position of chief ...