News and Content for Procurement Professionals

Teaching

Massive Procurement Potential Within the Aquaculture Industry

In a recent bachelor thesis, Ingeborg Bakke and Kristina Ulla highlight an untapped potential within strategic procurement across Norway's aquaculture sector.

Taking Control of Maverick Spend

As maverick spending, or rogue buying, can account for up to 80% of a company's total spend, the inherent savings potential is often substantial. We have shared five steps to help you to get control of your maverick spend.

Six Practical Steps to Realize Savings Through Bundling

Bundling is a vital procurement lever to help drive cost reductions across your organization. Follow these six steps to succeed and maximize savings during the process.

Say Hello to Our Newest Team Members

Ignite Procurement continues its rapid growth and has hired new, exceptional talents to the team. Please give a warm welcome to the latest team Ignite additions.

How to Identify Savings Opportunities: Transaction Costs

Procurement teams continuously focus on minimizing transaction costs and costs related to the purchase-to-pay (P2P) process. Although the trend is moving towards automated and self-guided P2P processes, there still might be some opportunities to explore.

How to Identify Savings Opportunities: Maverick Spending

Maverick spending is probably a well-known problem for most organizations and procurement professionals. Let us look at how you can utilize procurement analytics to identify such challenges.