Procurement is evolving beyond cost-cutting into a strategic driver of efficiency, innovation, and supplier collaboration. Leaders are embracing digital tools, data-driven benchmarking, and refined ...

Measuring the performance of the purchasing department is a basic and crucial task for any management team. The purchase of raw materials and equipment is the lifeline of a business, and savings in ...

When a multi-billion dollar transportation and airline company sought to get its arms around its unwieldy procurement operation, it turned to a tried-and-true tool to do it: the balanced scorecard. It ...

This year isn’t starting out as expected. So far, 2016 feels a bit more like 2009. Commodities are in free fall, exchange rates are creating shock waves, and the financial markets are producing in a ...

Organizations today rely on Procurement to drive value beyond unit price savings. For Chief Procurement Officers (CPOs), it is challenging to measure the performance of managers who drive these ...

The concept of paying services contractors for performance has won wide support in principle, but putting it into practice is a bigger challenge. For several years now, the Bush administration has ...

A recent report from Globality found that 82% of procurement leaders acknowledge their indirect spend is not well managed and that cost savings is being left behind as a result. Even more, that report ...

The learning environment is changing in our schools, and technology is playing a big role. How schools are acquiring their resources can be as affecting as the changes in instructional practices used ...

MIAMI & LONDON--(BUSINESS WIRE)--World-class procurement organizations now operate at 21 percent lower labor costs than peers and have 29 percent fewer staff, according to new world-class performance ...

This story was produced with support from the City Accelerator program. When cities contract with the private sector for goods and services, they tend to go with the lowest bidder—at least, that’s ...

Companies are always looking for ways to save money. They may have already cut costs in areas like manufacturing and shipping. Now, they're turning to a hidden area where they can save more money ...

Leading organizations on the path to high performance are accelerating their global sourcing strategies, driving more aggressive cost reductions, and looking to contract manufacturing to leverage and ...