Where does your business stand on a procurement maturity level? If you want to improve something, a good first step is to evaluate where you are and determine your strengths and weaknesses. The ...

Procurement jumped to the forefront of every business leader’s mind during the pandemic. Images of container ships lined up at the Port of Long Beach and run aground in the Suez Canal were a stark ...

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 ...

For many years, the role of the procurement department in creating competitive advantage was overlooked. Rarely was it considered a significant source of cost savings or a driver of organizational ...

With drug prices soaring, shortages intensifying, and government-mandated cost-sharing in question, hospital-system pharmacy procurement is becoming an increasingly fraught enterprise. Pharmacy ...

In a previous column, I took a shot at the strategy of centralizing purchasing. I received various feedback on this column, as well as a question. Namely, “Should supply management employees—and ...

Indirect procurement typically consists of many frequent, low-volume purchases, but transforming it can produce high-impact cost savings. The same breadth of categories that makes it difficult for ...

Consider this real-life story: A procurement team was looking to modernize its operations. The team ran purchasing for a company with more than 4,000 employees, and it felt that its process could use ...

In the following article, from 2014, I discussed an organization-related issue that limits the overall positive impact the purchasing function can have on company financials. Specifically, the article ...

Regeneron SVP and CPO Matthew Everett is redefining procurement’s role to help the biotechnology company advance its global growth agenda. In just over two years, Everett has built the procurement ...