News and Content for Procurement Professionals

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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.

How Can Procurement Professionals Succeed With Cost Savings

In this article, we look at five steps to identify and prioritize cost-saving measures that increase the likelihood of success.

8 Strategic Levers to Reduce Procurement Costs

Selecting and implementing procurement measures is a vital part of a holistic approach to strategic procurement.

Categorizing and Classifying Spend - Five Practical Tips

Categorizing your spend is the starting point for category management and a more data-driven approach to procurement. In this article, we will share some practical tips on how to get started.

Six Tips For Organizing a Procurement Function

Based on our experience, we have compiled six specific tips that can be helpful in building a modern procurement function.

Renegotiations - an Underestimated Strategic Lever?

You can use multiple levers to reduce your procurement costs. One commercial lever, often referred to as a "quick win", is to renegotiate your existing contracts.