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4 Foolproof Steps for Procurement Teams to Beat Inflation

4 Foolproof Steps for Procurement Teams to Beat Inflation

Procurement teams have an important mission: keep prices in check. But in times of rising inflation, keeping prices low can seem like a daunting challenge. This blog offers tips on how procurement professionals can fight inflation and add value to their company's bottom line. 

How to Uncover Millions in Hidden Procurement Savings in 2022

How to Uncover Millions in Hidden Procurement Savings in 2022

A comprehensive guide on how to reduce procurement costs, written to provide you with ideas, tips and strategies to help you uncover hidden procurement spend.

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

Åpenhetsloven: the New Act of Fundamental Human Rights. Are You Compliant?

The Norwegian Parliament has passed the Åpenhetsloven, 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.

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