Procurement Foundry

Blog

 

Discover the latest articles in the procurement world.

Office Vending Machines and Procurement: An Employee Perk or Company Revenue Opportunity

Does your company have an office vending machine? From a financial arrangement standpoint, how does it work? This was a question posed to the Procurement Foundry community, and the responses provide the fodder for an interesting debate. In short, is...

Read More

Are RFP Templates a Viable Tool for Ensuring Optimal Purchasing Decisions?

We recently came by an interesting article on the best practices for creating an RFP template. Ultimately, when done properly, an RFP template can...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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 Many have stemmed from processes being outdated and solely focused on cost savings.

Read More

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...

Read More

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...

Read More

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...

Read More