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.
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.
10 Markets in Canada with High Buyer Leverage
ProcurementIQ took a look at 10 markets in Canada that feature high buyer power scores, meaning procurement professionals can leverage their negotiating power to save money and gain value for their organisations.
Webinar: Tariffs, Trade Wars Supply Chains: How Can Procurement Prepare?
Do you fully understand how tariffs and perceived trade wars will affect your supply chain and your bottom line? Join business analysts from ProcurementIQ as we discuss key takeaways and highlight several strategies buyers can take to minimize the financial impact of the recent tariffs
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.
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.
Honey, I Shrunk My Supplier Base! Cut Costs with Vendor Consolidation
Having to manage numerous vendors is not only time-consuming, but too many can reduce your department’s effectiveness and ability to nurture key relationships.
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.