THE major weakness in developing countries is the lack of procurement capacity. Procurement, together with engineering, are the oldest professions dating back to the first century. Unlike engineering ...

The University of St. Thomas, based in Minnesota, is implementing a service to automate some procurement and accounts payable operations. The four-campus university, which has about 11,000 students, ...

Every aspect of your business can benefit from being reviewed and evaluated from time to time. Procurement is no different. Yet too often this function is overlooked when it comes time for reviews.

Over the years I have been fortunate to collect a wealth of both academic knowledge and professional experience in sourcing management. I have witnessed how the perception of procurement contribution ...

Centralizing purchasing becomes increasingly more important the larger a small business grows. Most importantly, a decentralized purchasing structure in which individual departments are responsible ...

Underpinning these barriers is a broader cultural issue: procurement is still not universally recognised as strategic enough to warrant AI investment (30%). Without a shift in perception, ...

The future of procurement lies with artificial intelligence — and big changes are coming. AI promises to radically reshape the procurement function in the next few years. On this episode, we learn the ...

The buyer role varies significantly depending on a company’s organizational structure. In smaller companies, a buyer likely wears most—if not all—purchasing-related hats. This adds to workload but ...