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Procurement and Category Management Best Practices in 2021

Category management is a powerful way companies can reduce procurement spend and create value.

Suez Canal Crash Further Destabilizes Global Supply Chains

While it’s unlikely to disturb this year’s projected economic growth, the Suez Canal blockage is yet another wake-up call to prioritize supply chain resilience.

8 Action Steps for Sustainable Supply Chain Investment

Supply chain professionals must prioritize sustainability initiatives to retain market share in the long term. Below are eight action steps businesses can take to get started.

Procurement and the Labor Market in 2021

Procurement professionals and hiring managers who closely follow trends in the labor market will be better equipped to contend with the growing deployment of a temporary workforce, increasing costs of attrition, mounting shortages of skilled labor and worsening labor market inequality.

When the Chips are Down: A Shortage of Semiconductors in the Auto Industry

A worldwide semiconductor shortage is plaguing the automotive industry.

Strategies for Strengthening COVID-19-Era Supply Chains

Problems continue piling up at ports, signaling that businesses should expect supply chain disruptions for many months to come.

Surging Shipping: Transportation Market Instability Spurs Rate Increases

Carriers have excelled in keeping pace with ever-changing realities during the pandemic, but not without costs to shippers and consumers.

COVID-19: Pushing the Evolution of Procurement

As organizations have struggled to stay afloat amidst this tough economic environment, procurement professionals have worked hard to adapt and show up for their businesses in new ways. The work, however, is far from over.

Technologies Shaping the Future of Procurement

Heading into 2021, procurement professionals will need to embrace emerging technologies to overcome modern risks.

ProcurementIQ Launches New Supplier Information Collection

With 2020 bringing on unexpected supply chain disruptions, ProcurementIQ knows it’s more important than ever to shape and strengthen your sourcing strategies.

MRO Markets are Looking Past the Pandemic

Heading into 2021, a number of trends are poised to disrupt business as usual in MRO markets, making it all the more pertinent to consider how MRO procurement strategies can adapt to shifting market norms.

Biden Is Proposing a Revolution in Procurement

President-elect Biden has proposed a cascade of changes to procurement practices in the United States, which would be the greatest mobilization of investments in procurement, infrastructure and research and development since World War II.

Solving the Warehouse Staffing Crisis

Surging e-commerce sales are driving record gains in warehouse employment, a trend that will only intensify heading into the holiday season. ProcurementIQ outlines strategies to mitigate the labor shortage risks that are poised to emerge.

Building the New Normal in Procurement

The rise of the coronavirus has turned procurement on its head. Which practices will manage to break the surface?

Financial Matters: Understanding Financial Statements

Companies’ financial statements are packed with numbers and figures that may seem confusing at first glance. While taking a templated approach to analyzing financial statements is an easy way to help procurement staff evaluate such dense documents a one-size-fits-all approach could cause procurement staff to misinterpret outliers.