More than simple purchasing, effective procurement includes supplier relationship management, cost analysis, and strategic planning that support the entire supply chain. Procurement functions as ...

1. Demonstrate procurement’s value beyond cost savings. To showcase procurement's ability to drive value outside of spend, CPOs should focus on establishing proof points that align with ...

Well-negotiated service contracts not only reduce costs but can improve quality and reliability. A streamlined procurement process workflow allows employees to focus on core business activities ...