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New Transparency Act of Fundamental Human Rights: Are You Compliant?

New Transparency Act of Fundamental Human Rights: Are You Compliant?

The Norwegian Parliament has passed the Transparency Act, which will come into effect in July 2022. If you are an enterprise operating within Norway or elsewhere in Europe, this article helps you know what this act means for your company and how it affects your business operations.

Knowing your indirect and direct spend procurement and why it matters?

Knowing Your Indirect and Direct Spend Procurement and Why it Matters?

Did you know that every time you make a purchase for your business, it falls into one of two categories? Direct spend and indirect spend are different ways to categorize the purchases you make for your business. Read on ahead to learn how each affects your business.

War in Ukraine: Commodity Market Chaos and Procurement Risk Management

War in Ukraine: Commodity Market Chaos and Procurement Risk Management

The world has been turned upside down since the pandemic laid waste to global supply chains, and now the situation has gotten worse. The unfolding of the war in Ukraine has created a dire situation for global supply chains. This tempest will cause ripple effects that will eventually spill over into supply chains around the world. The same goes for your business, especially if you  ignore procurement risk management.

The Spend Cube: Explained and Answered if It's Still Useful in 2022

There's one thing procurement professionals are always in search of, it's clarity. They certainly want lots and lots of it. And what better way to get clarity than from a good old-fashioned cube? That's right—we're talking about a spend cube, which is a powerful tool that provides insight into the total value of spend per category, the number of suppliers each category has, and more.

Encyclopedia of Common Procurement and Supply Chain Terms

Encyclopedia of Common Procurement and Supply Chain Terms

Procurement is a complex field, full of jargon, but we're here for you. That's why we have created this encyclopedia which can be your quick reference tool. This glossary is handy for people who want to learn more about procurement and what it means to work in this area.

What is spend visibility and why you should care

What is Spend Visibility and Why You Should Care

Seeing all your spend data in one place can inspire a dramatic change in how you manage your business. It's even more useful if you also organize that data by supplier, categories, items buyer, then view it in real-time. You'll want to refer back to this information again and again! Yet, only a few organizations are able to get a detailed view of their spending. And this lack of spend visibility comes with a hefty price tag.

Sustainable Procurement: It's Not as Difficult as You Think

Sustainable Procurement: It's Not as Difficult as You Think

Where do the products you use come from? How are they made and transported? Who supplies your products? Do they use sustainable methods and materials? Are their carbon emissions high? Do you have a baseline with a heat map of scope 3 emissions in your company? If you’re looking to go net-zero, finding answers to these questions is crucial but not as hard as you might think.

The 20 Most Important Procurement KPIs to Drive Value

The 20 Most Important Procurement KPIs to Drive Value

Not sure how to choose and set the right KPIs for your procurement organization? Here we are with some guidance as well as 20 most important procurement KPI examples that you can use in your company.

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