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As procurement looks toward 2035, leaders will have to face deeper transformation requirements than simply adding AI tools. They will have to rethink their operating models, talent, data, and decision-making. Uncomfortable though it might be, this will be essential if the function is to move from...
“If we can help you either validate that you're already saving enough money or help you find another way to do it, then we're happy to do that.” Group purchasing organizations (GPOs) help companies save money by pooling buying power to secure better pricing and terms than the individual business...
Although most procurement professionals are familiar with group purchasing organizations (GPOs), they may not have experience working with one. That can leave them wondering about adding complexity, and - most of all - what the ‘catch’ is.  In this episode of The Sourcing Hero podcast, Host Kell...
  “We always want to go about it from a consolidated approach so long as the business, the organization, whoever we're working with, is open to that. That is normally my biggest piece of advice, because it really does make the procurement process as a whole for the organization much easier. It's...
Procurement is always looking for ways to increase their efficiency, freeing up more time to invest in strategy and relationship building. Although AI holds a lot of promise on that front, not all teams are sure quite where to apply it.  Interestingly, supplier negotiation preparation - one of p...
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