Resources

Supplier diversity is increasingly being recognized as a critical objective for procurement. There are multiple reasons why this is such an important goal. From a societal viewpoint, organizations that achieve supplier diversity help address inequality and social...

We don’t need to go into the myriad challenges that have disrupted procurement and sourcing over the past two years. Since the COVID-19 pandemic first began, the supply chain has been upended—although the ultimate cause of the disruption might not be what you think....

Harvard Business Review has several articles that provide an excellent primer on the background of procurement in the health and pharma industries and the challenges they‘ve faced during the COVID-19 pandemic. The authors point to the need for procurement to play a...

As 2019 wound down, who would have predicted that how to solve supply chain disruptions would become one of the top headlines? Especially throughout the next three years? Not just in trade publications, either. Supply chain disruption has become something that all of...

Predictive procurement is a must-have in chemical manufacturing. Why? Few industries are as massive and complex as the $5 trillion chemical manufacturing industry. Using a huge range of raw materials for production, companies in this industry supply chemicals to...

The Manufacturing PMI report is a monthly report of benchmarks that measure the manufacturing sector’s performance. Data is collected via surveys of supply executives from a wide range of industries. A series of indices take readings in specific areas, including new...

CFOs are increasingly hands-on when it comes to the strategic vision of their companies. Procurement and finance are teaming up more often to align on future goals and the threats that impact long-term profitability. Tail spend, a longtime procurement focal point, has...