Sustainability & Diversity

Supplier diversity in procurement | Calculation examples

Supplier diversity definition: Supplier diversity is a proactive procurement strategy that encourage..

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Decentralized procurement, centralized procurement, or center-led?

Centralized procurement definition:  Centralized procurement means that purchasing is managed on hea...

Procurement Explained,

Commodity price fluctuations | mitigating price volatility

Commodity meaning in procurement  In procurement, a commodity means raw or semi-processed materials ...

Savings & Finance, Procurement Explained,

Maverick spend in procurement

Maverick spend definition:  Maverick spend is the action of purchasing from suppliers outside pre-es...

Spend Analysis, Procurement Explained,

Procurement analytics | Procurement Explained

Procurement analytics definition:  Procurement analytics is the process of using quantitative and an...

Spend Analysis, Procurement Explained,

Spend under management in procurement

Spend under management  Spend under management is the amount of spend managed by procurement out of ...

Spend Analysis, Procurement Explained,

Category management | Definitions and best practices

Category management definition: Category Management (CM) is a strategic approach to procurement wher...

Procurement Explained, Category Management,

Procurement KPIs: a complete list

Procurement KPIs definition:  Procurement KPIs (key performance indicators), also called metrics, ar...

Procurement Performance & Development, Procurement Explained,

Procurement savings | Definitions and calculation examples

The main goal of procurement is to ensure products and services are bought at the right price. Cost ...

Spend Analysis, Savings & Finance, Procurement Explained,

Direct materials in procurement | direct vs. indirect

Procurement can be divided into indirect and direct material categories. Indirect and direct procure...

Procurement Explained,

Spend cube analysis | Procurement Explained

  A spend cube is spend data presented as a multidimensional cube. The three dimensions of a procure...

Procurement Explained,

Materials Forecasting Explained

Materials forecasting is the process of creating direct materials cost budgets and forecasts to help...

Savings & Finance, Procurement Explained,

Supplier Segmentation 101 – Stategic Suppliers and Future Success

Supplier segmentation is the process of allocating suppliers into distinct groups so that limited re...

Procurement Explained, Category Management,

Tail spend classification and analysis | Procurement Explained

Cost reduction is a clear priority for most procurement teams. Often the focus is often on the strat...

Procurement Explained,

Spend analysis: why it's important | Procurement Explained

Spend analysis is the practice of analyzing procurement spend to decrease costs, increase efficiency...

Spend Analysis, Procurement Explained,

Key Terms and Abbreviations in Procurement

Terms used in procurement can be quite complex and there are many concepts to familiarize oneself wi...

Procurement Explained,

Purchase Order Process Steps and Procedures Simply Explained

In this series freelance author and supply chain expert Elaine Porteous explores core topics in proc...

Procurement Explained,

What the heck is procurement? Read 19 experts spell it out for you

Key take: see experts explain procurement in less than a minute! "Procurement is like shopping... fo...

Procurement Explained,
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