Procurement has evolved from a purely transactional function to a strategic activity that significantly impacts a company's overall financial performance. The distinction between procurement, sourcing ...

We explore the main types of procurement in detail below, including their definitions, examples, challenges, and best practices. Direct procurement Direct procurement refers to purchasing materials, ...

Sustainable sourcing is becoming increasingly important in how businesses procure goods and services, as the drive towards reducing carbon emissions and adopting more responsible business practices ...

LAFAYETTE, CO - January 30, 2026 - PRESSADVANTAGE - Encore Data Products, a leading provider of audio and technology ...

When a multi-billion dollar transportation and airline company sought to get its arms around its unwieldy procurement operation, it turned to a tried-and-true tool to do it: the balanced scorecard. It ...

NYS Executive Order 22 (EO22) directs state agencies to meet a wide variety of sustainability targets, including those related to green procurement. Per EO22, Campus purchasers must reference GreenNY ...

When I sit down with procurement leaders, they are often facing the same challenge: Their departments are stuck in a tactical data processing mode with limited resources and increasing ...

Today’s chief procurement officers (CPOs) face a dramatically different landscape than their predecessors. While once relegated to the role of tactician, CPOs are now expected to be strategic leaders ...

Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

Material procurement explained: Process, strategies, and benefits Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement ...