Strategic sourcing is a supply management tool that delivers significant cost reductions and other benefits, the Institute for Supply Management says. While traditional purchasing focuses on buying at ...

Merger and acquisition activity in the healthcare sector continues at a brisk pace as organizations seek to decrease their costs, expand service offerings and enhance their market presence. Strategic ...

Local governments are under significant fiscal pressure due to rising inflation, deferred maintenance and infrastructure investments, staffing shortages, and constituent demands for digital services.

Strategic sourcing skills play an important role in the cost structure and competitiveness of small and large businesses. These skills involve analyzing high-volume purchases and developing long-term ...

The concept of strategic sourcing can mean different things to different people, but essentially it is a more comprehensive, researched, planned and measured approach to procurement. As governments at ...

Explore the pros and cons of central purchasing, a strategy to consolidate procurement for cost savings and efficiency, and ...

LONDON--(BUSINESS WIRE)--Quantzig, a leader in delivering scalable analytics solutions and data science services, today announced the completion of its recent article that sheds light on the role of ...

Reactivating the human element of procurement means giving teams time to focus on strategic value. This is where agentic AI ...

Spencer Penn is Co-Founder & CEO of LightSource, an AI-powered strategic sourcing platform. He was named to Forbes 30 Under 30. The term "AI" is everywhere, but for strategic sourcing and procurement ...

Can strategic procurement be a catalyst of change in business? Two enterprise practitioners believe it can, and they have seen how enabling and embracing data-driven procurement with a strategic ...

Competition is fierce, clients are more demanding than ever, and on top of it all, there are talks of a recession making everyone hyper-sensitive to price. Under these conditions, you cannot increase ...

The Louisville, Ky., Free Public Library needs its security guards to do more than simply monitor the entrances to its buildings. "They have to respond to medical emergencies, address disruptive ...