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

What was once purely a cost-savings function is now a key strategic enabler—one that mitigates risk, plays a crucial role in building trust and goodwill with consumers through environmental ...

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.

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

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 ...

The Dynamic Duo: Technology and Strong Procurement Leadership “In 2023, the role of the Procurement Performance Manager (PPM) is becoming critical as businesses seek to effectively navigate the ...

For example, if you have great sourcing functions within your procurement software, it becomes easier to find an alternative source of a critical component in a pinch. (Even if you have to pay a ...

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 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 ...