Sustainability KPIs in Procurement | Sustainability series part. 6
Sustainable performance refers to the balancing act of environmental, social, and governance objectives in the delivery of core business activities to meet the customer and stakeholder expectations. In this blog we will cover how procurement [...]
Building an effective procurement strategy
A comprehensive procurement strategy defines how an organization strategically manages its procurement activities. In other words, it's a directional roadmap. It's a medium-to-long-term plan that includes both policy and processes that drive cost optimization, value [...]
How Contingent Labor Gives You Advantage in Fight for Talent
Rapidly rising in importance amid the talent shortage is contingent labor, workers that provide services to an organization such as independent contractors, freelancers and temporary staff, and are not on the payroll. Almost every company [...]
What is spend analysis and why is it important?
Spend analysis is the practice of analyzing procurement spend to decrease costs, increase efficiency or improve supplier relationships. Reports generated from the analyses provide recommendations based on facts, not assumptions. Decisions can be made on how to [...]
Data integrity means a stronger supply chain
Companies that place a high value on data integrity have a competitive edge. Accurate inventory reports are crucial.
Consumers want fast deliveries – and a green environment
Sustainability is based on the principle that socially responsible products and practices are not only good for the environment but good for society and business.