1999. The year I first tasted procurement. I was doing a summer job as a Buying Assistant in an automotive gearbox manufacturing company in my hometown. Procurement, or purchasing as… Read More »Is Procurement a back office function in 2024?
The Procurement Category Manager role has been the backbone of the procurement profession over the past 20 years. In larger organisations especially, it’s has been a symbol of procurement’s metamorphasis… Read More »Is the role of Procurement Category Manager dead?
Direct procurement involves acquiring raw materials and components essential for your production process. Indirect procurement, on the other hand, generally deals with non-complex goods and services that support your operations.… Read More »Does Direct Procurement Need Its Own Tech Stack?
Procurement cost savings stand out as a critical lever in the pursuit of trimming down expenses without compromising on quality. However, the work of procurement goes beyond just delivering price… Read More »Moving Beyond Procurement Cost Savings to Driving Value
Intake and procurement process orchestration is all about managing stakeholders as they navigate through the procurement process. Or, perhaps, it’s the best way to mitigate them trying to circumvent it!… Read More »Intake & Procurement Process Orchestration (2024 Guide)
When you hear the words Generative AI in Procurement, your reaction is probably one of two things: Either you get excited, thinking of all the benefits and time-saving hacks it… Read More »How will Generative AI in Procurement impact us?
AI in procurement – especially generative AI – is going through the hype phase at the moment. But make no mistake. In one form another, it’s here to stay. It’s… Read More »Will AI in Procurement make us all irrelevant?
There is a distinct and significant different between Source-to-Contract (S2C) and Source-to-Pay (S2P). If we look at it in terms of software, there are significant differences between the features offered… Read More »Source-to Contract vs. Source-to-Pay (S2C vs. S2P)
Category management software was one of the final frontiers for procuretech. Along with services procurement and automated negotiation bots, this is a tougher nut to crack than procure-to-pay. Not any… Read More »Category Management software: How good is it really?