Why should procurement be a big deal in business? Isn’t it just the act of obtaining the raw materials that go into our products and offering our services? Procurement isn’t about getting stuff. It’s ...

A procurement plan -- also called a procurement management plan -- is a document that is used to manage the process of finding and selecting a vendor. The plan justifies the need for an external ...

Innovative procurement may sound like an oxymoron given the industry's nose dive in late 2000 and the crushing inventory problems that followed, but executives and analysts say that changes being ...

Procurement operations are vital to building a resilient supply chain, and sourcing is critical to that success. Disruptions, shortages and unforeseen circumstances like natural disasters and war are ...

While small businesses have grown by 27.5% nationwide, many are finding that their procurement functions are stagnating. But this isn’t a reflection on the employees responsible for purchasing or of ...

Bringing a procurement partner into the benefits planning process can offer greater insight and negotiation power, helping to reduce overall costs.