Your manufacturing process depends on raw materials, as well as supplies. In a small business, your need to keep costs down may always seem to be at war with your need to produce the best quality. You ...

NASA has developed an objective-based procurement strategy to advance its ongoing Moon to Mars initiative, according to Karla Jackson, senior procurement executive and deputy chief acquisition officer ...

According to Deloitte’s Global Chief Procurement Officer Survey, 61 percent of procurement leaders delivered a better year-over-year savings performance in 2017, yet only one in four believe they’re ...

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 ...

Imagine a strategic meeting is in progress inside your organization, focused on speeding up the market release of a product for competitive advantage. The chief procurement officer proposes an ...

Julie Young is an experienced financial writer and editor. She specializes in financial analysis in capital planning and investment management. Suzanne is a content marketer, writer, and fact-checker.

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 ...

Supply chain professionals have long known that sustainability must be a key piece of their strategy. After the last three years of disruptions, shortages, and instability, the capacity for supply ...

Your small business needs objectives -- or goals -- in order to head in the direction you want it to go. However, setting objectives and achieving them are two different matters. In order to take your ...

Once treated as a secondary objective, sustainability has quickly become a central pillar of business strategy. Procurement has quietly become the most powerful lever of this shift — not by policy, ...