6 Ways To Drive M&A Synergies Through Your Supply Chain
This bulletin looks at six supply chain focus areas that will enable a smooth M&A transition, drive synergies and achieve deal success.
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How to Navigate the Challenging Landscape of IT Procurement
July 08, 2024 | Procurement Strategy read
As businesses increasingly rely on technology to drive growth, profitability and competitive advantage, the role of procurement teams in sourcing and acquiring IT solutions is more important than ever.
However, the IT solutions landscape is increasingly fragmented and complex, making it essential for procurement teams to navigate it strategically.
Let’s explore common problems faced by procurement teams in the IT domain, as well as strategies and best practices to ensure successful IT procurement.
5 Ways to Enhance Your Media Procurement Strategy
July 02, 2024 | Procurement Strategy read
When it comes to media buying, collaboration between marketing and procurement teams has never been more critical. With brands investing heavily to humanize their messaging and leverage advanced technology, aligning these two departments is essential to optimize media buys and drive superior outcomes.
So how can enterprises ensure these two functions work together effectively?
Top 5 Trends Shaping Healthcare Procurement Solutions in 2024
June 28, 2024 | Procurement Strategy read
The healthcare industry has seen unprecedented transformation in the past few years. From diagnostics to treatment to service delivery, the industry has been constantly evolving, and healthcare procurement is no exception. But the changes also meant a sharp rise in costs, and hospitals and clinics have been striving to deliver better patient care while controlling costs.
Innovative solutions are emerging to streamline the procurement process in the healthcare industry. Here are the top 5 trends shaping healthcare procurement solutions that leaders should be looking at in 2024:
Services Procurement: A strategic Imperative
June 24, 2024 | Procurement Strategy read
Enterprises globally are increasingly relying on external service providers to augment their operations and drive strategic growth. From the decades old technical support domain to management consulting to marketing and logistics, the service industry has grown to become an indispensable component of global businesses. But making way through the processes involved in procuring these services can be quite a task — demanding an intelligent balance between cost optimization, quality assurance and risk mitigation.
The Procurement Puzzle: Optimizing the Organizational Structure for Growth and Efficiency
July 02, 2025 | Procurement Strategy read
Procurement plays a key role in business operations — irrespective of the scale. A solid organizational structure in place is therefore absolutely critical. During the initial phases when an enterprise is small, a more informal, improvised approach to procurement may suffice. However, as the company grows and its requirements get more complex, that same jumbled way of doing things would lead to inefficiency, missed cost-saving opportunities, and even compliance nightmares.
How to Build Resilience with Supply Chain Flexibility
June 03, 2024 | Supply Chain Strategy read
Supply chain flexibility has become a critical capability for enterprises to maintain a competitive edge. Supply chain flexibility enables enterprises to quickly respond to unexpected disruptions, adapt to shifting market demands and pivot their operations as needed.
By fostering a flexible and adaptable supply chain using new AI-powered tools, companies can mitigate risks, minimize downtime and seize new opportunities, ultimately driving growth and profitability.
Navigating Global Expansion: Four Strategies for Chinese Companies To Create Success
This bulletin looks at the key challenges companies in China face while entering global markets and recommends procurement and supply chain solutions to adapt and achieve success.
5 Procurement Best Practices to Unlock Strategic Success in 2024
May 15, 2024 | Procurement Strategy read
Procurement finally has a seat at the table.
It’s no longer just focused on cost-cutting. Enterprises now look to their procurement teams as strategic enablers – driving innovation, fortifying supply chains and future-proofing operations.
In 2024, strategic procurement leaders can drive success by focusing on five procurement best practices:
How Procurement Can Help BFSI Companies Overcome Talent Shortage
For BFSI organizations, talent is the greatest asset, and finding, attracting, and retaining the best has always been a priority. However, talent has been in short supply and attracting and retaining the right talent have been challenging.