When organizations think about procurement cost management, the spotlight often lands on direct spend, the raw materials, products, and services tied directly to revenue, but sitting in the..

Low-value office and industrial supplies like screws and stationery are often considered low-impact purchases. Pens, paper, folders, printer toner, screws, nuts, and bolts are small items that seem..

It is not just summer heat putting pressure on the grid. Artificial intelligence is now a major force behind rising electricity costs. And for businesses of every size, energy bills are becoming less..

When it comes to sourcing industrial and MRO supplies (maintenance, repair, and operations), most procurement teams focus on the basics: price, quality, and delivery timelines. But behind the scenes,..

Global disruptions are no longer rare, they’re the norm. From geopolitical tensions and inflationary pressure to labor shortages and climate events, supply chains are under constant threat. For..

In a landscape shaped by relentless disruption, economic pressure, and shifting global dynamics, procurement has never been more critical, or more complex. At the crossroads of this transformation..

Maverick spending, also known as rogue or off-contract spending, is a silent drain on procurement performance. It happens when employees bypass approved purchasing channels and processes, leading to..

Every procurement leader knows the frustration of seeing small, unmanaged purchases drain budgets. This category, known as tail spend, includes low-value, high-frequency transactions that often go..

In May 2025, the United States and China reached a significant trade agreement that could have lasting effects on global procurement strategies and inflation control. The agreement focuses on..