News and Content for Procurement Professionals

Teaching

The Journey From Transactional to Strategic Procurement

When a procurement organization's vision does not look beyond savings, the chances of getting stuck in a tactical shell increase. Sometimes, transactional issues might appear critical for operations, but in reality, they are short-term and with limited impact. To realize its full value potential, procurement must overcome its evolutionary tactical barrier and become a more strategic function.

The New Darwinism of Procurement: Turn Strategic or Disappear

2020 has been a year that has made companies across the world completely rethink the way they do procurement. As opposed to the common belief that the pandemic has made the environment more challenging, in reality it has made the need for procurement transformation all the more critical.