Smart procurement: What it is and where to start
Within procurement, digital transformation is rapidly changing the way practitioners manage their processes. Indeed, purpose-built procurement technology is now common in organizat...
Tag: RFx issuing process
The procurement cycle: Sourcing from beginning to end
Successful procurement is an ongoing process not a project. Indeed, there’s more happening behind the scenes within the procurement cycle than most people think. From beginning t...
Request for information guide: RFI meaning, tips & template
When your business faces a challenge and needs to find a new solution, where do you start? How do you keep track of potential vendors and suppliers? Not only that, but how do you c...
Supplier relationship management: Guide and expert tips
It’s no secret that successful businesses are built on relationships. However, many organizations focus on developing and improving customer relationships, while overlooking the ...
How to write a procurement policy that empowers and protects
Writing a procurement policy is a big undertaking. If you’re considering creating a new policy, you may find yourself asking: Why do we need one? What should it say? Will people ...
Sustainable sourcing: How-to guide, tips and policy examples
Sustainable sourcing is more than a procurement trend — it’s a competitive advantage, a way to mitigate risk and an avenue to cost savings. Unfortunately, while most businesses...
A beginner’s guide to procurement analytics
Performing procurement analysis has always been a part of the procurement profession. However, the sheer volume of information now available is understandably intimidating.
In t...
RFI vs RFQ vs RFP: Which should it be?
How do you know if you should use an RFI vs RFP vs RFQ? It all comes down to what you’re trying to accomplish. While they all help organizations gather information from vendors...
Procurement consulting guide: Expert advice for better buying
Effective procurement should be a top priority for any business. From enterprise organizations with dozens of procurement professionals to businesses without a dedicated procuremen...
RFP research: Top procurement statistics to know
While the practice of procurement evolves constantly, the pace of change accelerated significantly over the last few years. Out of necessity, many procurement processes had to adap...
Direct vs indirect spend: Overview, definitions & strategies
As procurement teams manage and analyze costs to maximize profit, understanding the purpose of each purchase is crucial. To achieve this, organizational spend is often broken down ...
Client discovery questions for procurement consultants
As a procurement consultant, listening to and understanding client needs is absolutely essential. Indeed, it’s a key skill for anyone issuing a request for proposal (RFP) on beha...
