The following remarks are from M. Todd Abner, founder, president and CEO of OMNIA Partners, the largest and most experienced group purchasing organization for public sector agencies and private sector ...

What are the most common types of procurement? Procurement stands as one of the most influential business functions in modern organizations, directly impacting both financial performance and ...

We explore the main types of procurement in detail below, including their definitions, examples, challenges, and best practices. Direct procurement Direct procurement refers to purchasing materials, ...

The main types of procurement Procurement can be classified in several ways. Broadly, it can refer to what is being purchased, such as direct versus indirect procurement, as well as how the ...

What you need to know: When procurement functions strategically, the benefits extend beyond individual organisations. Smart procurement can stimulate local markets, support small and medium ...

Technology by itself does not deliver ROI. People do. In procurement, especially, teams are often undersized and overstretched. There is seldom a pool of labor waiting to be automated away. What AI ...

Supply chain resilience and AI readiness start with location-based data Supply chain resilience and AI readiness increasingly depend on source-level and location-based data that gives organizations ...