Brex explores the five types of procurement that organizations employ today and explains the advantages for specific business ...

For both the public and private sectors, procurement should go beyond “three (3) quotes and a buy” to more strategic ...

OPINION. By Kenneth Kawuki ; ; The evolution of the procurement function from a peripheral role to a more strategic one is helping unlock its full value in companies and organisations.

Procurement is no longer just a back-office function focused on cutting costs.The “2025 State of Procurement Data” report by Amazon Business reveals that procurement has become a strategic driver of ...

Feature by Gordon Donovan The 2024 Economist Impact report highlights the strategic importance of procurement in managing risk and driving sustainability. As previously reported, procurement is ...

But purchasing must also sync activities with internal business functions to understand what other departments need, when they need it and how and when the company can pay for it.

The survey highlights a possible disconnect between procurement teams and executives. The Hackett Group’s 2024 Procurement Key Issues research released earlier this year found that the top issue for ...

The evolution of the procurement function from a peripheral role to a more strategic one is helping unlock its full value in companies and organisations. It is key to note that the procurement ...