Blog articles by Børge Langedal

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. 

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.

This blog will walk you through all you need to know about spend management and why managing spend is important for companies of all sizes.

During our webinar on “A Practical Roadmap to Procurement Savings of 14 October 2021, we were very happy to receive your questions! In this blog, we answer them.

There are several procurement levers you can utilize to drive cost reductions. Bundling, or consolidating spend, is one of them. But how do you use procurement analytics to identify bundling opportunities?

You can gain more insight from your data than you think! In this article, we take a closer look at the most common sources of spend and procurement data.

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.

Understanding and analyzing your company’s spend structure is often the first step towards laying the foundation of a data-driven procurement organization. But for many companies who've jumped into the analytics bandwagon, translating analytics to fact-based actions that enable realizing procurement savings is a tough nut to crack. This article will discuss some promising cost-reduction strategies enabled by analytics that can grow your procurement savings exponentially.