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ProcurementIQ Unveils Major Enhancements to Report Collection

You asked, we listened: New market intelligence tools and user-friendly report layout will deliver actionable insights faster than ever.

Back to Work Guide: The Office of the Future

Office operations have changed dramatically since the start of the pandemic and a sudden return to the old ways seems unlikely. To help businesses reimagine the work environment and support a changing office culture, we’ve put together some detailed guidelines.

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.

Company Reports to the Rescue: Four Uses for Supplier Data in Procurement

Company-specific reports, also called supplier profiles or vendor assessments, contain valuable supplier information that supports vendor management and guides decision making.

Lessons Learned from Three Major Procurement Blunders

Lessons Learned from Three Major Procurement Blunders

When a procurement mistake occurs, it can be an opportunity to learn how to do things better next time. To proactively prevent future mistakes in your organization, learn and grow from others’ mistakes.

Inspire Your Business Strategy with 3 Procurement Success Stories

3 Procurement Success Stories to Inspire Your Business Strategy

Studying the success stories of other procurement departments can give you a fresh perspective or an encouraging story to show just how much is possible.

Total Cost of Ownership: Time to Analyze

In Part Three of this series of articles on TCO: Why, How, Now we discuss the urgent importance of ensuring you have the resources available to do TCO analysis NOW.

Total Cost of Ownership: How Do You Figure It Out?

In Part Two of this series of articles on TCO: Why, How, and Now we look at TCO formulas and calculators across different markets.

Total Cost of Ownership: Why Does It Matter?

In Part One of this series of articles on Total Cost of Ownership: Why, How, Now we look at why TCO matters to procurement practitioners.

Game Theory Negotiations: Are You Striving for the Win or the Win-Win?

How strategic do you get during negotiations? For some organizations, saving money is their ultimate priority, so they may go in just wanting the lowest price the vendor can offer.

Consolidate suppliers to reduce costs

How to Consolidate Suppliers and Reduce Costs

Successful purchasing relies on effective suppliers. With ongoing evaluation of your supply base and replacing average vendors with better ones, you’ll improve the process and benefit from increased efficiencies.

Contract Renewal: Is this Price Increase Justified?

Your product or service renewal is approaching and the supplier has just notified you that your annual rate will increase. How do you determine whether or not the price bump is justified?

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. Gaining access to third-party category research will help sourcing staff make informed decisions and achieve goals.

Negotiating a Win in Difficult Markets

ProcurementIQ has analyzed a range of markets with characteristics that often work against buyers, including volatile prices, high market share concentration and changing regulations. Procurement and supply chain professionals can use the strategies and tactics provided to help increase their spend efficiency and encourage competitive RFPs with suppliers.