How Purchase Orders Help Overcome Key Challenges of Construction

February 07, 2025 | Procurement Software

How often have we seen construction projects getting delayed? A key reason is that project managers have an inadequate supply of construction materials. Or raw material prices suddenly shoot up, impacting the available procurement budget.

Not only does the shortage of raw material and price hikes derail project timelines, but it also impacts the bottom line as well as the construction company’s reputation in the market.

From Intake Management to Total Orchestration: How Procurement Can Play a More Strategic Role

February 07, 2025 | Procurement Software

In many organizations, the role of procurement is not merely limited to monitoring costs. Instead, the function is now expected to contribute to more strategic goals including risk mitigation, sustainability and strong relationship building with external partners.

Increasing Complexity in Procurement

With all these added responsibilities, procurement is likely to become increasingly complex.

What Lies Beneath? Uncovering New Approaches to Sub-Tier Visibility Challenges

Read more about What Lies Beneath? Uncovering New Approaches to Sub-Tier Visibility Challenges

Third-party risk management is procurement’s #2 priority for the third year running, according to Procurement Leaders research. Resilience is no longer optional — it’s essential.

But with limited resources, tightening regulations and complex supply chains, how can procurement leaders stay ahead?

Watch this GEP webcast, in partnership with Procurement Leaders, in which GEP expert Darren Lynch outlines real-world strategies to:

The Procurement Pro’s Essential Guide to Supplier Compliance Management

February 06, 2025 | Procurement Strategy

Does your business work closely with suppliers and supply chain partners? How often do you monitor your suppliers’ compliance with regulatory requirements?

In supply chain management, supplier compliance often takes a back seat to cost-saving initiatives or efficiency improvements. But ignoring it can be costly.

Private Equity Meets Procurement: The Engine Behind Value Creation

February 06, 2025 | Procurement Strategy

In the high-stakes world of private equity, where every basis point of EBITDA matters and hold periods are shrinking, procurement has emerged as a decisive lever for value creation. Gone are the days when procurement was relegated to back-office cost-cutting. Today, forward-thinking PE firms treat it as a strategic function—one that accelerates margin growth, de-risks portfolios, and primes companies for lucrative exits.

How Wooden Reels Are Driving Sustainability in the Cable and Wiring Industry

February 06, 2025 | Procurement Strategy

In the cable and wiring industry, packaging typically represents around 32% of a production plant's indirect spend, making it a key category for buyers.

Due to its significant impact on the bottom line, packaging often ranks among the "vital few" in Pareto analysis. This category includes not only the specialized pallets used for transporting coils of copper wire but also the drums or reels essential for transporting various types of cables.

Why Packaging Procurement is Complex (And 3 Strategies to Succeed in 2025)

February 03, 2025 | Procurement Strategy

When was the last time you purchased an item in a retail store simply because it was packaged elegantly?

In FMCG, for example, packaging can serve as a key differentiator that makes a product look more attractive than its counterparts.

Packaging is often thoughtfully designed to offer consistent visual experience across diverse product lines as well as shield the product during transit to the customer’s location.

This makes it a complex area of spend for procurement teams.

How Nonprofits Can Align Procurement with Organizational Goals

February 03, 2025 | Procurement Strategy

Are your procurement policies driving efficiency, sustainability, and cost-effectiveness? Are they aligned with your nonprofit's mission and values?

As a seasoned procurement professional, you know that effective procurement isn’t just about getting the best price — it’s about creating value that drives your organization’s impact.

Resilience: Delivering Value Amid Volatility

Read more about Resilience: Delivering Value Amid Volatility

The COVID pandemic and subsequent events have spurred a renewed focus on risk management. Procurement is now at the forefront of safeguarding business continuity and protecting the bottom line.

Stakeholders rely on procurement for insight to ensure the business can withstand — or, ideally, avoid — major disruptions to operations and supply chains. With resilience firmly established as a business imperative, the onus is on CPOs and their teams to deliver.

Key Discussion Points:

Procurement + Product Development: Powerful Strategies to Supercharge Profitability and Value Creation

Read more about Procurement + Product Development: Powerful Strategies to Supercharge Profitability and Value Creation

Aligning product development and procurement strategies can lead to a 5% to 15% profit margin improvement.

Watch this webcast to learn how leaders are leveraging collaborative processes to make smart design choices and execute strategic sourcing initiatives. The result: reduce costs without sacrificing quality or innovation.

You will gain practical insights into leveraging cross-functional synergies to streamline processes, minimize waste and drive value across the product lifecycle.

Key Discussion Points:

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How Purchase Orders Help Overcome Key Challenges of Construction

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From Intake Management to Total Orchestration: How Procurement Can Play a More Strategic Role

Increasing Complexity in Procurement

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The Procurement Pro’s Essential Guide to Supplier Compliance Management

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Private Equity Meets Procurement: The Engine Behind Value Creation

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How Wooden Reels Are Driving Sustainability in the Cable and Wiring Industry

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Why Packaging Procurement is Complex (And 3 Strategies to Succeed in 2025)

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How Nonprofits Can Align Procurement with Organizational Goals

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