Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

="margin-bottom:8px">In the current environment of business uncertainty, CFOs can be sure of one thing—cost savings will remain a critical focus. However, achieving sustainable cost reductions ...

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 ...

Forbes contributors publish independent expert analyses and insights. We research and write about business and management. Improving or consolidating procurement processes is one of the most powerful ...

How can your company improve its supply chain by streamlining procurement through digitalization and automation? What steps are needed to get started? Most importantly, what’s the payoff? Driven by ...

Procurement is a complex discipline that goes beyond selecting the right products for the right applications. Buyers also have to balance budgets, value, product quality, and delivery times when ...

Procurement functions as the critical interface between an organization and its external resource providers. The process involves identifying needs, evaluating potential suppliers, negotiating terms, ...