Procurement Foundry

Blog

 

Discover the latest articles in the procurement world.

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 and CPOs struggling to prevail in this profitability battle, this article is for you. We discuss how...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

Critical Suppliers and Lessons Learned from Professional Sports

One of the many lessons the pandemic has taught us is the importance of having a solid—and smoothly running—supply chain. We saw firsthand how...

Read More

Common Supplier Frustrations in Procurement

The procurement world is riddled with headaches, many of which stem from awful supplier relationships. What are the most common supplier frustrations...

Read More

Assessing Procurement Talent – What’s the Best Way?

Anyone familiar with the Foundry already knows that we are continuously engaged in lively discussions within our online community. One such recent...

Read More