Shifting headwinds across the global economy have thrust procurement professionals into unexplored and uncertain territory. Heading into 2020, it is more important than ever to stay up to date with the latest trends across the procurement industry.
ProcurementIQ: More Than Just Research Reports
Using market intelligence in the sourcing process can save you significant time and money by providing reliable, consistent and unbiased information at your fingertips. But, not every market intelligence product is created equal...
Shrinking Big Data: Complying with the CCPA
The California Consumer Privacy Act, effective January 1, 2020, will have a wide-reaching effect on privacy policies and data sharing extending well beyond California’s borders.
Sustainable Success: How Procurement Can Help Businesses Go Green
Businesses are increasingly realizing the necessity of implementing more sustainable procurement practices due to changing consumer preferences and the inherent impact that companies have on the environment.
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 that are jumping on board.
5 Tips: Say This, Not That to Build Trust in Procurement
Procurement must find a way to balance their objectives and goals against their end users’ needs, while maintaining trust and credibility in the eyes of the end user. Here are some examples of how you can rephrase common questions to elicit more meaningful stakeholder responses.
Vendor Management: Practical Steps in Making the Best of Your Top-Tier Vendors
Whether you are selecting a new vendor, managing existing vendors or preparing to go-to-market, instilling a culture of good vendor management can help build your organization’s resilience. This is fundamental to any corporate strategy.
Stakeholder Engagement: How to Measure & Improve
The topic of stakeholder engagement within procurement is a common one. This only proves how important building relationships is for procurement professionals.
Time to Implement a Supplier Diversity Program
As the world becomes more diverse and socially responsible, more organizations are recognizing the importance of supplier diversity programs.
Has Your Organization Set Up a Supplier Development Program?
It’s critical that procurement gets to know their vendors. After all, any shifts in their business can directly affect yours.
Improving Procurement's Internal Credibility: A Guide
If you feel like your organization doesn’t value your department or your role as much as it should, download this white paper to discover actionable ideas and useful tools to start building your credibility now.
Building Long-Lasting Relationships in Procurement
The procurement function, specifically, typically aims to please two separate types of customers: internal and external. And, it's no secret that this can often be difficult, especially when goals and priorities are misunderstood and miscommunicated.
How Well Do You Know Your Suppliers?
There are many benefits of vendor consolidation and optimization, but to capitalize on these, you need a strong understanding of your supplier base and perform supplier analyses regularly
Honey, I Shrunk My Supplier Base - Using Vendor Consolidation to Cut Costs
Supplier bases inflate naturally over time but managing numerous vendors is time-consuming and can reduce your department’s effectiveness, so it’s important to continually assess your supply base.
Supplier Diversity: What’s In It For You?
Procurement departments have thrown around the term ‘supplier diversity’ for years now. While companies contracting with the Federal government must have a supplier diversity mandate, procurement professionals outside of the government realm are coming to realize the significant benefits of supplier diversity.