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Procurement Foundry

Blog

 

Discover the latest articles in the procurement world.

5 Reasons Companies Need Corporate Travel Management 

As the U.S. continues reopening and businesses move back into offices, corporate travel is on employees’ minds again. According to the  U.S. Travel Association, business travelers believe that, on average, they would lose 42% of customers without...

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Essential Procurement Reading List for 2022

At Procurement Foundry, we are always looking to sharpen our skills sets and stay on top of what is new, current, and trending in our ever-evolving...

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How to Set Procurement KPIs in 2022   

Procurement is becoming the main strategy chamber of organizations. This sector bears the lion’s share of responsibility when navigating cost...

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Procurement – From Gatekeeper to Governance to Assurance  

Procurement has evolved, and so has its cross-functional teams. Modern-day procurement professionals are more than corporate gatekeepers or policy...

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Performance Management 2.0 – What Should a Procurement Scorecard Look Like

In the past 12 months, procurement has faced a lot of challenges. Many have stemmed from processes being outdated and solely focused on cost savings.

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How to Sell to Procurement  

Salespeople. The word itself tends to bring a collective negative reaction—at least a slight eye roll, if not an outright groan. There is no debating...

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Procurement Trends in 2021: Reshoring  

Among the top procurement trends we saw in 2021 was the dramatic reshoring surge. As well as bringing sorely needed jobs back home to American soil...

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How to Implement Digital Transformation into Corporate Travel in 2022 

Even before COVID-19 began, corporate investment in digital transformation was a key business strategy. Two years into the pandemic, and digital...

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Tax Oversights in the P2P Process

Let’s talk about the procure-to-pay process. Specifically, we’re going to focus this article on P2P taxes and the common headaches that can accompany...

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The Basics of Software Licenses for Procurement  

I have been noticing lately that there have been several discussions inside the Procurement Foundry that were focused on navigating software renewals...

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