The power grid faces unprecedented challenges from surging demand, aging infrastructure, and climate disasters. Strategic procurement can enable utilities to anticipate ...

Local governments are under significant fiscal pressure due to rising inflation, deferred maintenance and infrastructure investments, staffing shortages, and constituent demands for digital services.

Strategic sourcing skills play an important role in the cost structure and competitiveness of small and large businesses. These skills involve analyzing high-volume purchases and developing long-term ...

Strategic sourcing is a supply management tool that delivers significant cost reductions and other benefits, according to the Institute for Supply Management. It replaces the traditional purchasing ...

Merger and acquisition activity in the healthcare sector continues at a brisk pace as organizations seek to decrease their costs, expand service offerings and enhance their market presence. Strategic ...

The concept of strategic sourcing can mean different things to different people, but essentially it is a more comprehensive, researched, planned and measured approach to procurement. As governments at ...

Per the formal definition, an OEM having a strategic sourcing function makes a lot of sense. Why? Because it is important to select suppliers that will increase your own company’s competitiveness. My ...

Spencer Penn is Co-Founder & CEO of LightSource, an AI-powered strategic sourcing platform. He was named to Forbes 30 Under 30. The term "AI" is everywhere, but for strategic sourcing and procurement ...

The battle in New York state over a contract aimed to aggregate IT staff augmentation services boils down to a single question: Can an effort to save money cost too much? The New York State Chief ...

LONDON--(BUSINESS WIRE)--Quantzig, a leader in delivering scalable analytics solutions and data science services, today announced the completion of its recent article that sheds light on the role of ...

Why should procurement be a big deal in business? Isn’t it just the act of obtaining the raw materials that go into our products and offering our services? Procurement isn’t about getting stuff. It’s ...

The Louisville, Ky., Free Public Library needs its security guards to do more than simply monitor the entrances to its buildings. "They have to respond to medical emergencies, address disruptive ...