A functional and cohesive procurement policy is vital to improving profitability. While clear standard operating procedures are important, it takes more to create efficiencies. The procurement ...

Organizational structure refers to the hierarchy of decision-making power within a department. Built like a pyramid, the employee at the top has the most decision-making responsibility. While each job ...

When I sit down with procurement leaders, they are often facing the same challenge: Their departments are stuck in a tactical data processing mode with limited resources and increasing ...