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ProcurementIQ Launches New Supplier Information Tool

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

Building the New Normal in Procurement

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

Financial Matters: Understanding Financial Statements

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.

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 get affected supply chains back on track.

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.

Workplace Diversity Spotlight: Building & Supporting a Diverse Workforce

ProcurementIQ examines the most effective recruiting, development and retention strategies to enhance your company’s diversity initiatives.

Workplace Diversity Spotlight: Developing an Inclusive Approach to Corporate Social Responsibility

CSR initiatives are uniquely positioned to influence corporate decision-making processes and promote diversity and inclusion from the inside out.

Workplace Diversity Spotlight: 6 Steps to Supplier Diversity

Amid widespread calls for greater inclusivity, companies are more motivated than ever to strengthen diversity within the workplace. 

Why Active Listening is Critical for Procurement

Communication has always been one of the most important soft skills for procurement to master; it’s vital for everything from stakeholder engagement, negotiations and even presentations. Communication, specifically exceptional active listening skills, will help drive your team’s success.

5 Must-Have Factors to Find and Keep Procurement Talent

Procurement leaders and managers should consider these five factors when hiring and retaining future procurement employees.

The Next Generation of Procurement: Building Your Team with Millennials

Procurement is a complex field that requires professionals to think responsibly yet inventively about internal structures and external relationships. In order to have strong external relationships with vendors and stakeholders, companies must first prioritize sourcing and retaining quality personnel.

The Next Generation of Procurement: Building Your Team with Millennials

Through embracing innovation, new technology and progressive business practices, millennials could be the next dominant force in procurement.

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 professionals who have a wide variety of experience, roles, responsibilities and activities.

Characteristics of a Successful Procurement Professional

What characteristics do you think a successful purchasing professional should have? First determine if your department is expected be to clerical or strategic. From there, you can decide which characteristics will bring your department and organization the most success.

Finding the Hidden Talent on Your Procurement Team

A great procurement manager should focus on identifying and capitalizing on the untapped talent on the team. By doing so, these hidden talents can catapult your team into a strategic powerhouse. Take a look at your team and see if you can identify these three types of personalities.