Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality. But in 2024, the role has never been more important. After years of focusing on cost...
What does a Procurement Manager do? Job Description, Skills, and Qualifications
Jan 23, 2024 | Blog | Sourcing Education
As firms continue to leverage technology to carry out sourcing and procurement tasks, market demand for procurement is growing. The global procurement market was valued at $6.15 billion in 2022, and it’s expected to grow 11.1% from 2023 to 2030. Procurement managers...
4 Key Trends Reshaping Manufacturing Procurement in 2024
Jan 9, 2024 | Blog | Sourcing Education
The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor...
Unwrapping Holiday Shopping Insights: Trends, Tactics, and Tips for Procurement in 2023
Dec 12, 2023 | Blog | Sourcing Education
The holidays are here, meaning people all around the globe are attending festive parties, baking tasty treats, and — of course — shopping for gifts. It’s a time that can be both exciting and stressful for retailers, especially when many procurement teams face supply...
Procurement: The True Hero of the Retail Holidays
Nov 16, 2023 | Blog | Sourcing Education
It’s the most wonderful time of year! We are gathering with family and friends, celebrating over feasts and yummy treats, and best of all — we’re shopping. Black Friday is expected to be the busiest shopping day of the year in the U.S. In 2022, Black Friday and Cyber...
Procuring Thanksgiving Dinner: What’s on the Table for the Food and Beverage Industry
Nov 14, 2023 | Blog | Sourcing Education
Thanksgiving is one of the most important holidays for the food and beverage industry in the U.S. Last year, the holiday brought in $2.8 billion in sales-lift and remains second only to Christmas (which brought in over double that at $6.2 billion). Getting a...
5 Chilling Challenges Facing Procurement Today
Oct 29, 2023 | Blog | Sourcing Education
From uncovering hidden supply chain specters to exorcizing bothersome data demons, procurement managers certainly have their hands full. While today’s procurement teams may not be plagued by actual ghosts, goblins, or ghouls, things can still go bump in the night when...
AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success
Oct 10, 2023 | Blog | Sourcing Education
The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend. Forever changed by global lockdowns, volatile consumer demands, and increasing pressure to go green, oil and gas...
Elevating Procurement: Autonomous Technology’s Role in Efficiency and Innovation
Sep 29, 2023 | Blog | Sourcing Education
Data Science, machine learning, and automation technology are poised to disrupt nearly every industry over the next few decades, and the procurement space is no exception. By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate...
Unleashing the Power of Procurement Buyers: Delving into this Impactful Role
Mar 27, 2024 | Blog | Sourcing Education
Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality. But in 2024, the role has never been more important. After years of focusing on cost...
What does a Procurement Manager do? Job Description, Skills, and Qualifications
Jan 23, 2024 | Blog | Sourcing Education
As firms continue to leverage technology to carry out sourcing and procurement tasks, market demand for procurement is growing. The global procurement market was valued at $6.15 billion in 2022, and it’s expected to grow 11.1% from 2023 to 2030. Procurement managers...
4 Key Trends Reshaping Manufacturing Procurement in 2024
Jan 9, 2024 | Blog | Sourcing Education
The dust is settling after the upheaval of the pandemic, yet the manufacturing industry remains forever changed. According to Deloitte, the manufacturing industry was in contraction throughout most of 2023 due to challenges like increased lead times, tight labor...
Unwrapping Holiday Shopping Insights: Trends, Tactics, and Tips for Procurement in 2023
Dec 12, 2023 | Blog | Sourcing Education
The holidays are here, meaning people all around the globe are attending festive parties, baking tasty treats, and — of course — shopping for gifts. It’s a time that can be both exciting and stressful for retailers, especially when many procurement teams face supply...
Procurement: The True Hero of the Retail Holidays
Nov 16, 2023 | Blog | Sourcing Education
It’s the most wonderful time of year! We are gathering with family and friends, celebrating over feasts and yummy treats, and best of all — we’re shopping. Black Friday is expected to be the busiest shopping day of the year in the U.S. In 2022, Black Friday and Cyber...
Procuring Thanksgiving Dinner: What’s on the Table for the Food and Beverage Industry
Nov 14, 2023 | Blog | Sourcing Education
Thanksgiving is one of the most important holidays for the food and beverage industry in the U.S. Last year, the holiday brought in $2.8 billion in sales-lift and remains second only to Christmas (which brought in over double that at $6.2 billion). Getting a...
5 Chilling Challenges Facing Procurement Today
Oct 29, 2023 | Blog | Sourcing Education
From uncovering hidden supply chain specters to exorcizing bothersome data demons, procurement managers certainly have their hands full. While today’s procurement teams may not be plagued by actual ghosts, goblins, or ghouls, things can still go bump in the night when...
AI Revolution in Oil and Gas Procurement: Streamlining Operations for Success
Oct 10, 2023 | Blog | Sourcing Education
The COVID-19 pandemic forced countless industries to become more lean, agile, and innovative, and the oil and gas industry was no exception to the trend. Forever changed by global lockdowns, volatile consumer demands, and increasing pressure to go green, oil and gas...
Elevating Procurement: Autonomous Technology’s Role in Efficiency and Innovation
Sep 29, 2023 | Blog | Sourcing Education
Data Science, machine learning, and automation technology are poised to disrupt nearly every industry over the next few decades, and the procurement space is no exception. By 2026, the procurement analytics market is predicted to grow at a compound annual growth rate...