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...
5 Ways to Strengthen Supply Chain Resilience with Agile Procurement
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 procurement leaders,...
AI in procurement: use cases, benefits, and how to get started
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US-China Tariff Reductions 2025: Impact on Procurement & Inflation
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 reducing...
How to Control Hidden Spend: Solving Tail-End Procurement Challenges
Most of the money a company loses to weak purchasing does not sit in its biggest contracts. It hides in the long tail of small, scattered buys that no one...
Reining in Maverick Spending: A Strategic Imperative for Cost and Compliance
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 inflated costs,...
The 2025 Tariff Increases: Procurement Strategies to Minimize Cost Impact
In 2025, businesses across the U.S. are navigating a complex and fast-changing global trade environment. Recent tariff increases on purchases imported from certain trading partners are putting new pressures on...
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