Procurement and sourcing are cornerstones of any business operation, as they greatly influence the cost structures, quality of production, and overall profitability. They ensure a steady flow of the ...

Departments/schools can request that Purchasing and Strategic Sourcing perform a competitive bid or negotiate on their behalf. In addition to simply providing advice to departments and schools if they ...

="margin-bottom:8px">In the current environment of business uncertainty, CFOs can be sure of one thing—cost savings will remain a critical focus. However, achieving sustainable cost reductions ...

Organizations everywhere are making digital transformation a priority, but some may be overlooking an area critical to their growth: transforming their strategic sourcing and procurement systems. Many ...

A procurement function that evolves in response to macroeconomic trends is a critical linchpin in the health of any growing business. And midsize companies are taking note, leveling up their internal ...

Procurement operations are vital to building a resilient supply chain, and sourcing is critical to that success. Disruptions, shortages and unforeseen circumstances like natural disasters and war are ...

LAS VEGAS — Nordstrom has started using artificial intelligence “quite heavily” within its procurement spend analytics software, Vice President and Chief Procurement Officer Karoline Dygas said. The ...

Spencer Penn is Co-Founder & CEO of LightSource, an AI-powered strategic sourcing platform. He was named to Forbes 30 Under 30. The term "AI" is everywhere, but for strategic sourcing and procurement ...

Indian manufacturing and energy-intensive sectors are transforming their power sourcing strategies as daytime exchange prices ...

Analyst Insight: As mandatory greenhouse gas (GHG) reporting requirements become more prevalent, corporations must prioritize sustainable sourcing to manage their Scope 3 emissions. As the world ...

Since 2020 and the arrival of the COVID-19 pandemic, we’ve all experienced how an unexpected event can have long-lasting impacts on operations worldwide. One of the biggest ongoing impacts of the ...