News and Content for Procurement Professionals

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How to Tame the Tail Spend Beast

The concept of tail spend analytics is widely acknowledged but seldom optimized by the procurement departments. As for most organizations, tail spend management is an uphill battle. This article will spotlight tail spend and how the right mix of advanced analytics and technology can help you tame the beast.

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.

How Artificial Intelligence Can Clean and Enrich Your Spend Data

The procurement industry is undergoing a rapid transformation. Once considered a laggard in the race to digital, the industry is evolving into a strategic function that is driven entirely by data and insights. While data is crucial to driving these transformations, bad, unorganized, or dirty data is considered no lesser than a bane for the procurement industry.

Massive Procurement Potential Within the Aquaculture Industry

In a recent bachelor thesis, Ingeborg Bakke and Kristina Ulla highlight an untapped potential within strategic procurement across Norway's aquaculture sector.

BI Tools vs. Procurement Analytics Solutions: Pros & Cons

As a spend management solution provider, we often meet procurement teams that are already using or thinking about investing in business intelligence (BI) solutions. But how well do BI tools support their procurement efforts?

New and Exciting Product Features Powered by Summer Interns

For the last couple of months, Ignite Procurement has had the privilege of having talented interns working on new and exciting product features.