Procurement

3 Ways Procurement Can Become the Go-To Strategic Partner for Spend Management

Posted: 12/21/2022 - 21:55
3 Ways Procurement Can Become the Go-To Strategic Partner for Spend Management
There’s no denying that cloud-based applications have changed the way tech stacks ebb and flow. Now that individuals are able to go straight to the source and purchase a new app in a matter of clicks, traditional sourcing and procurement processes have all but gone out the window. 
 

Innovations in Talent Management: WorkStep

Posted: 10/14/2022 - 03:52
Innovations in Talent Management: WorkStep

Can you outline why your team embarked on this project and the problem that needed to be solved?

I began my career in supply chain as a manager at a 3PL warehouse. Hiring and retention were the #1 challenge on the warehouse floor. The constant turnover affected every aspect of the warehouse’s operations. It all stemmed from a major disconnect between managers and hourly workers.  
 

Why Companies are Prioritizing Procurement Digitalization to Gain Competitive Advantage

Posted: 09/18/2022 - 23:03
Procurement digitalization

It is clear that the economic impact of the global pandemic, significant inflation, and the war in Ukraine is accelerating procurement’s transformation from a transactional function to a key enabler of cost management and business growth. In 2020 and 2021, change was thrust upon us all. In 2022 and beyond, companies have the opportunity to own that transformation. 

Uncovering Hidden Opportunities and Mitigating the Impacts of Inflation in Indirect Procurement

Posted: 09/10/2022 - 00:02
Mitigating the Impacts of Inflation in Indirect Procurement

Indirect procurement isn’t a new field. It’s been around for decades, helping to control spending and reliably source the goods and resources internal teams need to do their jobs and keep the business operational. 

But, today, it still finds itself in the same position that direct procurement was in up until a few years ago. Perceptions of indirect procurement as a cost-saving, enabling function have caused many organizations to overlook the potential value it can deliver. 

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