Most major companies and even some government organizations have a purchasing or procurement department as part of everyday operations. These departments provide a service that is the backbone of many ...

A functional and cohesive procurement policy is vital to improving profitability. While clear standard operating procedures are important, it takes more to create efficiencies. The procurement ...

Procurement is often a company’s biggest cost item, in some industries accounting for as much as 80% of total costs. And it is often one of the first areas companies target for cost savings. However, ...

At most organizations, the procurement and supplier management function operates under tremendous pressure to perform at a high level using limited resources. Procurement operations form a ...

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 ...

The evolution of the procurement function from a peripheral role to a more strategic one is helping unlock its full value in companies and organisations. It is key to note that the procurement ...