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Blog

How Strategic Sourcing Can Help the CPG Industry
The typical person may not know offhand what CPGs are (consumer packaged goods), but you can bet they interact with them every day. The CPG industry produces everyday items. These are the products you find in grocery stores, big-box stores, hardware stores, and...

7 Strategic Sourcing Trends for 2021 and Beyond
Strategic sourcing has been growing in importance in the world of procurement. The traditional sourcing strategy of picking the supplier who offers the lowest cost worked for centuries but doesn’t cut it in a modern, globalized business climate. Strategic sourcing has...

5 Lessons I Learned About Procurement’s Digital Transformation From Competitive Debate
Digital transformation has become an important topic for most procurement teams today. As I advise procurement leaders on how to approach digital initiatives I find myself looking back on experiences from high school and college where I was lucky enough to participate...

5 Ways to Alleviate Stress With Sourcing Enablement
Let’s talk about stress at work. It’s rarely sought after, and work-related stress can be especially problematic. When you work eight hours a day at a job (and sometimes more), there’s no escaping it. Everyone feels pressure at work (and that in itself is not...

7 Food and Beverage Supply Chain Challenges in 2020
In the old days, food manufacturers didn’t sweat the issue of finding food suppliers. They looked local and went with the lowest prices. Often, they would build a processing factory right near the fields where they sourced their raw ingredients. Canning and bottling...

How Strategic Sourcing Reduces Spend in the Food and Beverage Industry
The food and beverage industry is a massive one, especially in North America. According to the United States Department of Agriculture (USDA), in 2019, U.S. consumers, businesses, and government agencies spent $1.77 trillion on food and beverages in grocery stores and...