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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.

The 20 Most Important Procurement KPIs to Drive Value

The 20 Most Important Procurement KPIs to Drive Value

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.

5 Major Procurement Trends to Watch for in 2022

5 Major Procurement Trends to Watch for in 2022

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. 

The Journey From Transactional to Strategic Procurement

The Journey From Transactional to Strategic Procurement

When a procurement organization's vision doesn't 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

The New Darwinism of Procurement: Turn Strategic or Disappear

2020 has been a year that's 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's made the need for procurement transformation all the more critical.

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