Over the last decade, significant changes in the business environment have had a profound and lasting influence on how supply chains operate. The current business environment is characterised by an ...

Purchasing or procurement departments are tasked with finding goods or services at the best price, in the quantity desired and at the quality required. Certain purchasing key performance indicators, ...

Major companies have recognized the importance of investing in procurement performance management. In recent years, procurement’s role transformed from solely cost focused to one that is more vital.

Benchmark indicators and key performance indicators are two measurements that help companies improve performance. You can set benchmarks and key performance indicators for individuals, departments, ...

Companies are always looking for ways to save money. They may have already cut costs in areas like manufacturing and shipping. Now, they're turning to a hidden area where they can save more money ...

The past few years have demonstrated the procurement function’s ability to adapt to price fluctuations, changing consumer needs and supply chain disruptions. Once regarded as a back-office process, ...

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Amanda Jackson has expertise in personal finance, investing, and social ...