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

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.

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 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.

A worldwide semiconductor shortage is plaguing the automotive industry.

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

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

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.

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

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

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.

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.

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.

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

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.