Procurement Foundry

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Discover the latest articles in the procurement world.

ESG Procurement: The Importance of Environment, Social, and Governance

ESG procurement is high on the priority list for today’s procurement professionals looking for solutions to environmental supply chain issues. In this article, we’ll explain ESG and offer insights and advice on how to make your supply chain more...

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Procurement Communication and Participation – How Sports Is a Model

As any sports fan will attest, a winning team can’t be carried by just one stellar athlete. It takes a team effort, excellent communication on the...

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9 Procurement Strategies for CFOs and Finance — How You Can Get It Right

Being in leadership is a responsibility that can be hard to bear, especially when it means ensuring that you are constantly improving efficiency,...

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How Procurement Can Fight Inflation – 2022’s Profitability Battle

As we continue into 2022, procurement faces massive and unprecedented price hikes on necessary items and labor. If you’re one of the practitioners...

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Supplier Diversity Sourcing – What Makes a Diverse Supplier?

When it comes to supporting diversity, procurement is in a unique position to influence meaningful change. Beyond the positive social and economic...

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Procurement and Basic Spend Management - Spend Management 101

Spend management is fundamental for every successful business. It prevents unnecessary spending and helps organizations establish and maintain data...

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How To Stand Up a Procurement Department of One – The Lone Wolves

Procurement practitioners across the globe are looking into the best ways to set up procurement departments, even procurement departments of one, and...

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The Downstream Impact of Rising Fuel Costs – Procurement’s Next Challenge

Procurement is no stranger when it comes to navigating stressful and unexpected scenarios, which will help us as we face the staggering reality and...

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3 Ways for Procurement To Get Started With Sustainable Sourcing

Sustainable sourcing is a key initiative for many procurement teams, but it can be difficult to know where to start. If you are among the ranks of...

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Defining Tail Spend – Procurement’s 80/20 Problem

Nearly every organization in the world faces problems with tail spend. The following information is a resource for procurement professionals looking...

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