What is strategic sourcing? Process, costs, and how it saves money
Strategic sourcing is a long-term, total-value approach to buying, one that selects suppliers on the full cost of a relationship rather than the lowest quoted price. It is a discipline within procurement, and procurement is a function within supply chain...
Do you know how much a 50% diesel price increase is costing your business?
And no, you don’t need to buy a single gallon of diesel fuel to incur these costs. A 50% rise in diesel prices can raise what you pay for freight...
How to pick the best procurement software: a 2026 buyer’s guide
Procurement software manages how a company requests, approves, orders, and pays for the goods and services it buys. It fits procurement and finance teams at small-business and mid-market companies that...
Why nitrile glove costs rose 31.1% in 2026: what procurement teams should know
Baseline nitrile glove costs have risen 31.1% in 2026, based on CenterPoint’s analysis of a sample of frequently purchased gloves at standard pricing.. Several forces pushed prices up at the...
The 4 Phases of Emergency Management: A Complete Guide for Facilities
Emergency management is the work of preparing for, responding to, and recovering from emergencies that threaten people, property, and operations. It has three goals: reduce loss of life, minimize property...
Safety procurement: cut safety supply costs while improving compliance
Cutting spend on safety supplies feels risky. Buy the cheapest gloves or respirators and you might fail an audit, or worse, someone gets hurt. Buy the fully compliant version and...
Should your company join a Group Purchasing Organization? A decision guide for mid-sized businesses
A Group Purchasing Organization (GPO) is worth joining when your company spends meaningfully on common, indirect categories such as office supplies, industrial supplies, Maintenance, Repair, and Operations (MRO), packaging, telecom,...
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