Procurement Strategy

Want better procurement outcomes? Start with better relationships

Friday, April 4, 2025 · Brian Straight
Strong relationships can have many beneficial outcomes for procurement organizations, but many still cling to a transactional relationship measured at the bottom line.

Supply chain negotiation: Improve the process to improve the results

Thursday, March 27, 2025 · Craig Moss
Supply chain procurement functions are particularly negotiation-intensive, often at the center of critical discussions and strategy. Building a framework to guide this process ensures consistency in negotiations.

Strategic procurement: CFO strategies for cost savings

Tuesday, March 4, 2025 · Fabian Bodoky
CFOs who embrace procurement as a key driver of financial performance will be better positioned to navigate economic uncertainties, improve operational resilience, and enhance their organization’s competitive advantage, says Efficio’s Fabian Bodoky.

What is the future of procurement?

Friday, February 21, 2025 · Brian Straight
What is the future of procurement? That is the question that McKinsey & Company sought to answer in a new benchmarking report focused on procurement.

Disruptions continue to worry procurement teams

Friday, January 3, 2025 · Brian Straight
A new year brings the same concerns for procurement teams. Managing through disruption continues to be a top challenge requiring new partnerships and improved resiliency.

Agentic reasoning, multimodality among the AI advancements expected to shape procurement’s future

Friday, December 27, 2024 · Brian Straight
Gartner has identified Agentic reasoning, multimodality and AI agents as three AI advancements that will shape the future procurement, and the steps organizations should take to benefit from these advancements.

Supply disruptions top list of concerns for procurement leaders

Tuesday, December 17, 2024 · Brian Straight
Procurement professionals are still concerned about disruptions, with 42% citing things like disasters and transportation issues among their top worries in a recent Gartner survey.

The disconnect between procurement budgets and efficiency

Thursday, August 22, 2024 · Brian Straight
A recent survey from JAGGAER found that 53% of procurement and supply chain professionals said that workload issues and inefficiencies are the top risks facing their organizations, and if they had the right technology and more time, they could grow the business and drive…

Gartner identifies top constraints, solutions to long-term success

Wednesday, August 21, 2024 · Brian Straight
As supply chain professionals deal with the challenges associated with increased workloads, increased scrutiny, and mandates to control spending, research from Gartner has identified the most common constraints and offered ways to solve them.

Keynotes from Procter & Gamble, Johnson & Johnson & Whirlpool execs highlight NextGen conference agenda

Wednesday, August 7, 2024 · Brian Straight
Keynotes from Procter & Gamble, Johnson & Johnson and Whirlpool highlight a packed speaker lineup for October’s NextGen conference.

Managing procurement in a price-sensitive environment

Friday, August 2, 2024 · Brian Straight
Chief procurement officers face challenges in securing materials and supplies in a volatile supply chain yet still controlling that spending.

Boeing turned to Fairmarkit, AI to help land its tail spend

Wednesday, July 24, 2024 · Brian Straight
Boeing faced unknown spending, but a pilot program using Fairmarkit’s artificial intelligence platform helped bring its procurement spending into the light.

The key to good data management? Start with good data

Friday, July 5, 2024 · Brian Straight
As more companies turn to AI to manage and analyze their data, the concept of clean data sometimes gets pushed to the side.

Procurement data to decisions: Actually acting on ‘actionable’ insights

Monday, July 1, 2024 · Matthew Buckingham, vice president of business development & alliances, Focal Point
With modern procurement software, API-enabled data flows, and AI-guided processes, procurement teams get to focus on what they do best: setting strategy, managing projects, and identifying spending optimization opportunities.

Improve stock control and predictability to overcome inventory performance barriers

Friday, June 28, 2024 · Paul Lord, VP Analyst, Gartner
Delivering reliable product supply has only become more difficult in recent years with market challenges. To get back on track, organizations should focus on the development and practice of two performance management disciplines: Stock control for improved predictability…
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