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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.

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.

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.

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.

2021 is soon going to be over. Though there's still enough time left for surprises to unfold, most of us would agree that this year has been more stable and less erratic than 2020.  Does that mean there's nothing new for procurement? No new challenges, changes, or trends? Well, if you ask us, we would say it's only a matter of perspective. 

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.

Strategic Sourcing is a systemic process that continuously re-evaluates a company's purchasing activities to acquire goods or services that are of strategic importance to a company.

Through multiple procurement projects, we've participated in hundreds of negotiation meetings with suppliers, that's provided us with valuable insight into how to ensure a successful renegotiation process. In this article, we share six practical tips on how to secure sustainable, long-term results from a renegotiation.