Articles

Thought leadership on cost avoidance, stakeholder management, vendor selection and more. Plus, find articles on news and trends impacting your market.

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Tariff Policy Update 2026
Stay ahead of shifting US tariff policy in 2026. Explore key changes, cost impacts, refund risks and what procurement teams must do now to adapt sourcing strategies.
Cost Avoidance
Economic Trends
Vendor Mangement
Supply Chain Trends
Strategic Sourcing
Introducing Procurement Plus: The New Standard for Procurement Research
ProcurementIQ has launched the next evolution of procurement market intelligence on IBISWorld's platform. Log in to experience better, faster research or contact us for a demo.
Cost Avoidance
Economic Trends
Technology
Vendor Mangement
Vendor Management
Supply Chain Trends
Stakeholder Management
Category Management
Speed to Market
RFP Resources
Strategic Sourcing
How to Build Relationships at Events and Conferences
Stakeholder Management
Back to School: How ProcurementIQ's Anthony Samaniego Landed at Michigan State's Supply Chain Program
While working for ProcurementIQ, Samaniego saw supply chain crises firsthand. The people battling them inspired him to attend supply chain school. Read more to find out how -->
Economic Trends
Supply Chain Trends
Generative AI in Procurement: Use Cases and Challenges
AI has gained popularity, improving efficiency and reducing costs. Read on to find out how AI has affected different industries and how it's driving growth in procurement.
Technology
Supply Chain Trends
Economic Trends
Upcoming Tariffs: What to Expect for Procurement in 2025
With new tariffs on the horizon for United States businesses, procurement should prepare for potential shifts in trade dynamics and sourcing strategies.
Cost Avoidance
Economic Trends
Vendor Management
Supply Chain Trends
Strategic Sourcing
Dark Patterns: Concerning Cost Trends in Software as a Service
As deceptive tactics become more common in SaaS companies, buyers face unwanted subscriptions and hidden fees. Read more on how to catch these patterns to help minimize losses.
Cost Avoidance
Economic Trends
Supply Chain Trends
Technology
Navigating the Airline Industry's Instability: Part 2
While consumer demand remains high for airlines, the industry's instability has resulted in significantly reduced demand and revenue for suppliers.
Economic Trends
Supply Chain Trends
Category Management
Strategic Sourcing
Navigating the Airline Industry's Instability: Part 1
Two of the largest aircraft manufacturers are facing challenges with production that affect consumers and businesses. Read more for best practices that help minimize airfare costs.
Economic Trends
Supply Chain Trends
Cost Avoidance
What Does Procurement Need to Know About the US CHIPS Act?
The CHIPS Act of 2022 is finally taking root in several US states, bolstering domestic semiconductor production. Read on to discover how the act will positively affect procurement.
Technology
Economic Trends
Cost Avoidance
Supply Chain Trends
Category Management
Strategic Sourcing
Speed to Market
Coupa Inspire Guide: Navigating the Conference with ProcurementIQ
Coupa Inspire is just around the corner. Read more for the top 5 highlights you simply cannot miss at this year’s event.
Vendor Mangement
Supply Chain Trends
Stakeholder Management
Strategic Sourcing
Category Management
Emerging Technologies Shaping the Future of Procurement
The need for new technologies for procurement to tackle supply chain challenges has only grown. Read more to learn about the latest emerging technologies in the industry.
Technology
Supply Chain Trends
Cost Avoidance
Unpacking the New Independent Contractor Rules
The Department of Labor's new ruling will impact the trucking and construction industry. Read more to find out how procurement professionals should prepare for these changes.
Cost Avoidance
Economic Trends
Supply Chain Trends
Speed to Market
Putting Deloitte's CPO Survey Into Actionable Next Steps
Deloitte's CPO Survey is always packed full of valuable perspectives, but the real question is: where do we go from here? Read more to find out where procurement is heading.
Economic Trends
Stakeholder Management
Strategic Sourcing
How Shipping Disruptions Along the Panama and Suez Canals Will Affect Procurement
Global shipping faces major disruptions due to climate issues and geopolitical conflicts. Read more for insights on how procurement professionals can take actional steps.
Supply Chain Trends
Economic Trends
Cost Avoidance
Speed to Market
Supply Chain 101: Supply Chain Risk Can Mean Credit Risk, Too
Sometimes seeking cost savings exclusively can make a company’s supply chain vulnerable. Read more for insights into protecting your credit rating through supply chain management.
Supply Chain Trends
Category Management
Economic Trends
Cost Avoidance
How the UAW Strike Will Affect Supply Chains and Procurement
The UAW strike will affect the automotive sector and the global supply chain. Read more to discover how the strike will affect your supply chain and what you can do to adjust.
Economic Trends
Supply Chain Trends
Cost Avoidance
ProcureCon Barcelona Guide: Navigating the Conference
ProcureCon Barcelona is just around the corner. Read more for the top 5 highlights you simply cannot miss at this year’s event.
Stakeholder Management
China's Economic Downturn: Implications for Global Trade
China is a pillar of global trade, but the country faces a slew of macroeconomic issues. What's happening to China's economy, and how does this impact procurement?
Economic Trends
Supply Chain Trends
Category Management
Categorypalooza: Leveraging Robust Data in Global Sourcing
Join Lyle Dixon Smith and Ben Kempenich of ProcurementIQ to learn how to address the global dynamics at play in your category strategies.
Strategic Sourcing
Category Management
Economic Trends
ProcurementIQ Names Fiona Adams Director of Client Value Realization
ProcurementIQ is proud to announce that Fiona Adams has joined the company’s executive staff as the director of client value realization, effective immediately.
Strategic Sourcing
Vendor Mangement
Category Management
Understanding the Economics of Labor Disputes
UPS Teamsters. United Auto Workers. Screen actors and writers. Why are we seeing so many labor disputes and strikes in the second-half of 2023?
Economic Trends
Supply Chain Trends
Generative AI or Human Ingenuity: Where Does Your Industry Stand?
ChatGPT, Bard, and other language AI have the potential to disrupt several industries. What traits do those industries share? Which industries will language AI affect the least?
Technology
Supply Chain Trends
Stakeholder Management
Navigating Uncertainty: Examining the Supply Chain Impact of a UPS Labor Strike
UPS teamsters may go on strike if a new labor agreement is not reached by August 1. How should you prepare for supply disruptions driven by strikes? Read more to find out.
Supply Chain Trends
Stakeholder Management
Category Management
Why Procurement Must Recruit the Next Generation of Talent
The procurement workforce is growing older, demonstrating a need to develop and train the next generation of procurement professionals. How can you recruit the next gen of talent?
Stakeholder Management
4 Tools for Inventory Optimization
Inventory management cannot be an afterthought for strategic businesses. Read the full article to learn about four tools that can help you optimize your inventories.
Technology
Cost Avoidance
What happened to Silicon Valley Bank?
Before its collapse, Silicon Valley Bank was the 16th largest bank in the United States. Then a bank run changed everything. What lessons can procurement learn from SVB's collapse?
Economic Trends
Supply Chain Trends
Vendor Mangement
ProcurementIQ’s Sourcing Snapshot Certified as Coupa Business Spend Management Platform Ready
ProcurementIQ's Sourcing Snapshot is now available in the Coupa App Marketplace, extending Coupa's platform and streamlining your sourcing process.
Technology
Vendor Mangement
Category Management
Strategic Sourcing
Recession 2023: The Top 5 Industries That Will Be Affected
Signs are pointing towards a recession occurring in 2023, but there’s a slight chance that the Federal Reserve can achieve a soft landing. Which industries will be affected most?
Economic Trends
Category Management
Strategic Sourcing
Cost Avoidance
The Top Four Tools That Help Procurement Integrate Workflows
Integrating automation tools into procurement processes is crucial if procurement is to survive future challenges. What are the top 4 tools you can use to integrate workflows?
Technology
Stakeholder Management
Speed to Market
Cost Avoidance
Cybersecurity Trends and Why It’s More Important Than Ever
Though cybersecurity was one of the fastest-growing industries through 2021, it's growth has slowed. Read more to learn why procurement should continue investing in cybersecurity.
Economic Trends
Technology
Supply Chain Trends
Layoffs in 2023: Preparing Procurement for Challenges Ahead
As companies gear up for what seems like a recession, many industries are experiencing large layoffs. How will this affect procurement and its sourcing strategies?
Economic Trends
Supply Chain Trends
Strategic Sourcing
From Traditional to Digital: The Impact of Reverse Auctions on Digital Transformation
How do reverse auctions save procurement money and bolster your digital transformation efforts? Read more to find out.
Technology
Strategic Sourcing
Layoffs in 2023: Five Sectors Experiencing the Most Layoffs
As companies gear up for what seems like a recession, many industries are experiencing large layoffs. Read more to see which sectors are experiencing the largest layoffs.
Economic Trends
Supply Chain Trends
Stakeholder Management
Vendor Management
How Can Procurement Use Remote Work to Its Advantage?
Remote work: as the world adjusts to our post-pandemic reality, teleworking has taken center stage. But how does this affect procurement? Read the article to learn more!
Stakeholder Management
Economic Trends
Technology
What Does the Rise of Artificial Intelligence Mean for Procurement?
Automation and AI are the keys to digital innovation. Read more to discover AI's use cases in procurement, how to implement AI, and how to ensure you get a positive ROI.
Technology
Economic Trends
Avoiding Southwest's Mistakes: Why Procurement Must Prioritize Digital Transformation
Digital transformation is a crucial area companies are overlooking. What lessons can procurement learn from Southwest Airlines' holiday mistakes? Read more to find out!
Technology
Cost Avoidance
Economic Trends
Verify Your Data: How To Ensure Your Source Is Trustworthy
How can you tell if a data source is trustworthy or not? Read more to find out!
Technology
Stakeholder Management
Why a Centralized or Decentralized Procurement Model Is Right for You
Remote work has changed everything, including procurement operating models. Read more to learn whether a centralized or decentralized model is right for your team!
Stakeholder Management
Category Management
Strategic Sourcing
Supplier Diversity: How an Inclusive Supplier Program Helps Procurement
Having a supplier diversity program isn't just ethically right: it's necessary. Read more to learn how a supplier diversity program can help your procurement department!
Supply Chain Trends
Vendor Management
Vendor Mangement
Strategic Sourcing
Trickle Down Savings: How the Inflation Reduction Act Can Help Procurement
The Inflation Reduction Act will affect procurement by changing demand and costs in many different markets. Read more to learn how you can take advantage of this new funding!
Economic Trends
Technology
Cost Avoidance
What is E-Procurement and How Can You Benefit?
An e-procurement system allows your organization to automate repetitive tasks, increasing speed to market and helping you get greater control over spend by cutting down on errors.
Speed to Market
Technology
ProcurementIQ Launches European Market Intelligence Reports
Our new European report collection covers the top 200 categories by popularity and comes in response to an increasing trend toward globalization and managing spend globally.
Category Management
Strategic Sourcing
Speed to Market
Cost Avoidance
Russian Invasion of Ukraine: Raw Materials Sector Update
Ukraine and Belarus are major exporters of commodities (e.g. precious and industrial metals, uranium, wheat and more). Read up on how supply chains and prices are affected.
Economic Trends
Supply Chain Trends
Russian Invasion of Ukraine: Information Technology & Security Sector Update
Russia's invasion of Ukraine is causing disruptions in semiconductor supply chains and also threatening the IT space in other ways. Read on to learn about supply and cyber risks.
Economic Trends
Supply Chain Trends
Russian Invasion of Ukraine: Transportation Sector Update
The Russian invasion of Ukraine has disrupted air shipping routes and has resulted in higher freight prices. Read to learn which markets are impacted and gauge the level of impact.
Economic Trends
Supply Chain Trends
Russian Invasion of Ukraine: Finance Sector Update
Russia's invasion of Ukraine is disrupting financial markets in Europe while major lenders from Western countries such as Italy & Austria scramble to unplug themselves. Read more.
Economic Trends
Russian Invasion of Ukraine: Oil & Gas Sector Update
The Russian invasion of Ukraine has caused drastic fluctuations in the oil and gas market with Brent Crude Oil prices spiking. Read more to understand the full impact.
Economic Trends
Supply Chain Trends
Better Together: The Convergence of Procurement and Supply Chain Management
Supply chain vs procurement: Yes, they're different. But as cross-functional collaboration brings these roles closer, we answer the question: What is procurement in supply chain?
Supply Chain Trends
Stakeholder Management
Strategic Procurement: What Is It and Why Does It Matter?
Strategic procurement is a sourcing process that combines supplier and market intelligence, spend analysis and negotiation tactics to support cost avoidance and other goals.
Strategic Sourcing
Speed to Market
Cost Avoidance
The Perfect Partnership: 5 Steps for Successful Vendor Selection
Vendor selection can be challenging. Use this 5-step guide to build out your vendor selection criteria using expert tools like a vendor selection matrix, SWOT templates and more.
Vendor Management
Labor Shortage News for 5 Key Markets
News of labor shortages is spreading across the economy, driving up salaries and inflating end prices for many goods and services. Identify five markets that are heavily impacted.
Economic Trends
AI Brings Remote Learning Close to Home
The pandemic has resulted in remote learning for millions of students. As e-learning is transformed, these 5 EdTech platforms will meet education challenges face-to-face.
Technology
ProcurementIQ Unveils Major Enhancements to Report Collection
New market intelligence reports with a user-friendly web format will deliver actionable insights fast. Stay up on procurement news, access vendor management tools and more.
Cost Avoidance
Category Management
Strategic Sourcing
Speed to Market
Vendor Management
ProcurementIQ Report Enhancements
Learn about our redesigned website and reports that provide the highest quality data and market intelligence. With ProcurementIQ you can make the best and most efficient decisions.
Speed to Market
Strategic Sourcing
Category Management
Vendor Management
6 Best Practices for Commodities Contracts
ProcurementIQ introduces commodity purchasing best practices to help businesses navigate commodity contracts and trends.
Economic Trends
Strategic Sourcing
Category Management
Vendor Management
Service Sectors Lead the Way out of Recession
Consumer sectors often lead the recovery from economic downturns. The COVID-19 recession, though dissimilar to previous recessions in many ways, appears to be trending similarly.
Economic Trends
Chinese Telecom Equipment Vendors Face Trouble in the United States
Procurement professionals should examine the increasing risks when sourcing telecom equipment and services from Chinese companies, including regulatory compliance risks and more.
Supply Chain Trends
Strategic Sourcing
Technology
Vendor Management
Uprooting Food Supply Chains Post COVID-19
Farmers, producers, distributors, and retailers have, nonetheless, prevailed and worked to maintain the integrity of the global food supply.
Supply Chain Trends
Ransomware Attacks on the Rise
On May 30, cyber attackers targeted JBS, the largest meat producer in the world. The attack prompted JBS to halt meat processing at all of its US beef processing plants. Read more.
Technology
Biden's Infrastructure Plan Aims to Transform Procurement
Biden's proposed American Jobs Plan will utilize federal spending and procurement to reimagine infrastructure and rebuild a new economy, thereby transforming procurement standards.
Economic Trends
Supply Chain Trends
To Build or Not to Build: Steel and Lumber Prices Soar in the Rebounding Economy
In May 2021, the price of hot-rolled coil steel hit an unprecedented high. On top of this, lumber prices increased by a factor of nearly 7 in just over a year. What happens next?
Economic Trends
Cost Avoidance
Supply Chain Trends
Generational Purchasing Patterns are Spearheading Procurement’s Evolution
Younger generations' individual purchasing patterns are unfolding in the procurement space. As baby boomers' and Gen Xers' professional influence fades, a new cohort is emerging.
Economic Trends
Strategic Sourcing
Category Management
Procurement and Category Management Best Practices in 2021
Procurement professionals should consider using this list of best practices when conducting category management and developing category strategies.
Category Management
Back to Work Guide: The Office of the Future
Office operations have changed immensely since the start of the pandemic and a sudden return to the old ways seems unlikely. Reimagine your work environment to support your staff.
Stakeholder Management
Philosophies of Supplier Partnerships: What To Do With Rising Supplier Costs
ProcurementIQ does a deep dive into what organizations should be thinking about when navigating potential wage increases and rising supplier costs.
Cost Avoidance
Economic Trends
8 Action Steps for Sustainable Supply Chain Investment
Supply chain professionals must prioritize sustainability initiatives to retain market share in the long term. Find out which steps you can take toward responsible sourcing.
Strategic Sourcing
Supply Chain Trends
Procurement and the Labor Market in 2021
In 2021, demand for temporary labor from healthcare, e-commerce, information technology, food processing and logistics will continue to expand.
Economic Trends
Suez Canal Crash Further Destabilizes Global Supply Chains
The Ever Given, one of the world's largest container ships, was freed after being lodged in Egypt's Suez Canal for six days. The blockage posed serious challenges to supply chains.
Supply Chain Trends
When the Chips are Down: A Shortage of Semiconductors in the Auto Industry
A worldwide semiconductor shortage is plaguing the automotive industry. Almost every key automaker is ramping down production and furloughing employees amid a global chip shortage.
Economic Trends
Supply Chain Trends
Technology
Technologies Shaping the Future of Procurement
Heading into 2021, procurement professionals will need to embrace emerging technologies to overcome modern risks. Procurement functions are shifting toward intelligent automation.
Technology
Supply Chain Trends
ProcurementIQ Launches New Supplier Information Collection
Los Angeles-based company ProcurementIQ, a trusted and independent source of procurement research, is launching a new collection of company-specific reports called SupplierIQ.
Speed to Market
Stakeholder Management
Vendor Management
Company Reports to the Rescue: Four Uses for Supplier Data in Procurement
During vendor selection, procurement professionals need trustworthy, accurate and up-to-date information to help identify, qualify and benchmark suppliers.
Stakeholder Management
Strategic Sourcing
Speed to Market
Vendor Management
Financial Matters: Understanding Financial Statements
A rundown on the top line items to consider and what they mean. Noting the most influential line items on balance sheets and other financial statements can reveal patterns.
Vendor Management
Workplace Diversity Spotlight: Building & Supporting a Diverse Workforce
ProcurementIQ has compiled a list of the most effective recruiting, development and retention strategies to enhance your company's D&I program.
Economic Trends
Supply Chain Trends
Category Management
Developing an Inclusive Approach to Corporate Social Responsibility
Workplace Diversity Spotlight: Developing an Inclusive Approach to Corporate Social Responsibility. CSR initiatives are uniquely positioned to influence corporate decision-making.
Economic Trends
Supply Chain Trends
Supply Chain Lessons Learned from the Coronavirus
When it comes to supply chains, there is a tradeoff between resilience and efficiency. Years of solely focusing on efficiency has made supply chains weak during the pandemic.
Economic Trends
Supply Chain Trends
Category Management
Speed to Market
Coming up Short? Managing Skilled Labor Shortages
ProcurementIQ breaks down the key factors exacerbating the skilled labor shortage and highlights strategies firms can employ to bolster their labor force and mend supply chains.
Supply Chain Trends
Economic Trends
Workplace Diversity Spotlight: 6 Steps to Supplier Diversity
To help procurement departments rise to the challenge of diverse sourcing, ProcurementIQ has compiled a list of best practices for developing supplier diversity programs.
Stakeholder Management
Vendor Management
Companies Offering KN95 Masks
ProcurementIQ lists vendors offering KN95 masks. MN-based 3M Company is one of the largest manufacturers of personal protective equipment and a top seller of KN95 masks. Read more.
Strategic Sourcing
Supply Chain Trends
Oil & Gas Spotlight: The Oil Price War & Coronavirus Spell Double Trouble
Oil prices are historically a bellwether for the economy and right now, it’s looking like a winding path ahead. The price war and the COVID-19 pandemic have sent oil prices down.
Economic Trends
Supply Chain Trends
Category Management
Sourcing Outside the Box: New Vendors to Tap for COVID-19 Supplies
As the coronavirus escalates, procurement teams facing product shortages and delays may need to consider some unconventional solutions.
Strategic Sourcing
Category Management
Supply Chain Trends
ProcurementIQ: More Than Just Research Reports
Not every market intelligence product is created equal. At ProcurementIQ, a subscription to our research is much more than just access to a collection of procurement reports.
Stakeholder Management
Category Management
Strategic Sourcing
Speed to Market
Shrinking Big Data: Complying with the CCPA
The California Consumer Privacy Act (CCPA), signed into law June 2018 and effective January 1, 2020, will impact more than California consumers.
Technology
Sustainable Success: How Procurement Can Help Businesses Go Green
Sustainable Success: How Procurement Can Help Businesses Go Green. Businesses are increasingly realizing the necessity of implementing more sustainable procurement practices.
Economic Trends
Supply Chain Trends
The Proof is in the Payback: 5 KPIs to Keep Procurement Departments on Track
Organizations across the globe have adopted strategic sourcing techniques in favor of tactical buying. ProcurementIQ has gathered a list of KPIs for companies jumping on board.
Category Management
Strategic Sourcing
Cost Avoidance
5 Markets with Fast-Paced Consolidation
Find out how a wave of consolidation and mergers has impacted buyers in these 5 markets: Pesticides, Midstream Oil & Gas Services, Deep Sea Cargo Transportation and more.
Economic Trends
Category Management
Lessons Learned: What to Study from Three Major Procurement Blunders
Procurement is a complicated process that necessitates proper planning and procedures. When a mistake occurs, it can be an opportunity to learn and grow from others’ errors.
Category Management
Strategic Sourcing
Cost Avoidance
3 Procurement Success Stories to Inspire Your Business Strategy
Study the success stories of other businesses and their procurement departments to get a fresh perspective on just how much is possible.
Category Management
Strategic Sourcing
Amazon Business: Still Leading the Game with its B2B Purchasing Platform
Amazon's B2B procurement platform launched in April 2015. Since then, new features and innovations have made it increasingly influential. Its growth shows no sign of slowing down.
Speed to Market
Why Active Listening is Critical for Procurement
Too often the communication between procurement and stakeholders is strained. Active listening enables more open and honest communication.
Stakeholder Management
5 Tips: Say This, Not That to Build Trust in Procurement
Procurement must balance their objectives against their end users’ needs. Here are some examples of how to rephrase common questions to elicit meaningful stakeholder responses.
Stakeholder Management
Vendor Management: Practical Steps in Making the Best of Your Top-Tier Vendors
Enable your vendors to sell for you. The majority of top-tier vendors have a global presence. Make use of it by training your vendors and certifying them to sell on your behalf.
Stakeholder Management
Strategic Sourcing
Vendor Management
RFPs Gone Wild: What Happens to Poorly Written RFPs
The evolution of the RFP process, as with many other processes in procurement, has proven its value to the procurement function. But there are consequences to poorly written RFPs.
RFP Resources
The 5 W’s of RFPs
As a procurement professional, chances are you have experience with the RFP process. Whether you love them or hate them, RFPs can be a critical part of the purchasing process.
RFP Resources
Vendor Management
Stakeholder Engagement: How to Measure & Improve
Stakeholder engagement is a hot topic in procurement. That's because strong relationships are critical in this field. Get tips on measuring stakeholder engagement and satisfaction.
Stakeholder Management
Strategic Sourcing
Time to Implement a Supplier Diversity Program
There are many benefits that come with hiring diverse suppliers and launching a supplier diversity program. Read up on several, including innovation, corporate reputation and more.
Strategic Sourcing
Vendor Management
Total Cost of Ownership: Time to Analyze
Next in this series of articles on TCO: we discuss the urgent importance of ensuring you have the resources available to do TCO analysis NOW.
Cost Avoidance
Stakeholder Management
Category Management
How to Solve the Big Data Challenge in Procurement
New technologies offer critical components to building better insights and actionable intelligence. When choosing solutions, CPOs should start from a value and outcome perspective.
Technology
Total Cost of Ownership: How Do You Figure It Out?
Total Cost of Ownership. We know why it matters, now it's time to learn how to do it. Let's look at TCO formulas and calculations across different markets.
Cost Avoidance
Category Management
Amazon Business: A New Way to Procure
Take a look at the Amazon Business platform to see how the ecommerce behemoth is attempting to make it easier for businesses to purchase products from one another.
Supply Chain Trends
Economic Trends
Technology
Game Theory Negotiations: Are You Striving for the Win or the Win-Win?
Game Theory Negotiations: How strategic do you get during negotiations? For some organizations, saving money is the top priority, but the lowest price isn't always the best deal.
Strategic Sourcing
Vendor Management
Grow Your Network with Our Top Procurement Influencers
Looking to grow your network and learn from the movers and shakers in the procurement arena? You can gain a lot by following and connecting with these professionals.
Category Management
Strategic Sourcing
The Future is Here: Blockchain, Smart Contracts & Procurement
A smart contract is executable code in a transactional environment, such as a blockchain. It is capable of executing code on a distributed worldwide database that can't be altered.
Technology
Strategic Sourcing
Characteristics of a Successful Procurement Professional
To learn which skills are beneficial for procurement professionals, read Tony Pashigian's top 6 list of skills that help you achieve optimal results in your procurement career.
Strategic Sourcing
How Well Do You Know Your Suppliers?
How Well Do You Know Your Suppliers? Successful purchasing relies on effective suppliers. With ongoing evaluation of your supply base, you can find ways to increase buying power.
Stakeholder Management
Strategic Sourcing
Category Management
Vendor Management
How to Consolidate Suppliers and Reduce Costs
Successful purchasing relies on effective suppliers. With ongoing evaluation of your supply base, you’ll improve the process.
Cost Avoidance
Strategic Sourcing
Category Management
Vendor Management
Supplier Diversity: What’s In It For You?
Simply put, supplier diversity aims to create an inclusive supply chain comprised of diverse vendors, such as women-, minority-, and veteran-owned businesses. Learn more inside.
Category Management
Strategic Sourcing
Honey, I Shrunk My Supplier Base! Cut Costs with Vendor Consolidation
The secret to successfully shrinking your supplier base is to not get hung up solely on the price paid for the good or service. You must assess quality, performance, risk and more.
Cost Avoidance
Strategic Sourcing
Vendor Management
Contract Renewal: Is this Price Increase Justified?
You're approaching a product or service renewal and the supplier has notified you of an annual rate increase. Read on to understand whether or not a renewal increase is justified.
Cost Avoidance
Category Management
Vendor Management
Beyond Cost Savings: Proving Procurement’s Worth
For procurement leaders, proving value to the business often involves cost avoidance and key performance indicators. However, procurement departments offer much more than this.
Cost Avoidance
Stakeholder Management
Technology
Using Market Intelligence to Achieve Procurement Goals
Procurement departments these days are harnessing market intelligence (MI) as one of the most efficient tools to develop and support strategic sourcing decisions.
Cost Avoidance
Category Management
Strategic Sourcing
Speed to Market
Negotiating a Win in Difficult Markets
Procurement and supply chain professionals can use the strategies and tactics provided to help increase their spend efficiency and encourage competitive RFPs with suppliers.
Cost Avoidance
Category Management
P-Cards: Managing Purchasing with Each Swipe
P-Cards allow organizations to control employees’ (i.e. cardholders) spending by establishing presets for different cardholders. Learn how P-Cards yield many perks.
Cost Avoidance
Category Management
Procurement, Are You Driving Your Organization Forward?
As indirect procurement grows — climbing $4.9 trillion per year as of 2017 — and roughly $649 billion of all indirect spend is wasted, the need for market intelligence is obvious.
Stakeholder Management

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