An Age-Old Procurement Question: To Buy? Or To Lease?

An Age-Old Procurement Question: To Buy? Or To Lease?

It’s probably a question you’ve asked and answered a million times now. And yet, you’re probably still wondering what the right answer is. Should you be leasing or buying your materials? Which items should be leased? Which should be purchased outright? It’s an important question for any Procurement professional. According to the report produced for ProcureCon [...]
Contract Management: 6 Easy Tips To Avoid Noncompliance

Contract Management: 6 Easy Tips To Avoid Noncompliance

Are you concerned about avoiding contract noncompliance? Are you worried about whether or not your contract management program is working? You should be. Here’s the thing: noncompliance can cost your company a lot of money.If your organization isn’t managing its contracts effectively, it could be opening itself up to several risks. These include: Losing money [...]
Workplace Diversity in the News: May

Workplace Diversity in the News: May

More and more, our culture values diversity in the workplace, and we’ve made great strides as a society in this regard. Minorities make up a larger proportion of the workforce than ever before, and women now make up roughly half of the work force. Workplace diversity is an issue that continues to be covered in [...]
Vendor Overload? Here’s 3 Tips For Managing Your Vendor Relationships

Vendor Overload? Here’s 3 Tips For Managing Your Vendor Relationships

The way you are managing vendor relationships could be hampering your Procurement team’s ability to contribute to your company. According to the Challenges in Asia-Pacific Procurement Benchmark Report that was commissioned specifically for ProcureCon Asia Summit, 45% of respondents report that they are dealing with too many vendors. Not only that, 58% report that less than [...]
Tired of Maverick Spending? Here are 6 Ways To Reduce It.

Tired of Maverick Spending? Here are 6 Ways To Reduce It.

According to a 2016 Benchmark Report on the Challenges in Procurement, 80% of senior Procurement executives (100 were interviewed for the report) identify managed spend (as a percentage of total spend) as a key performance indicator. So what does this mean? It means that the value of your Procurement organization is directly tied into its [...]
Workplace Diversity In The News Roundup: April 2016

Workplace Diversity In The News Roundup: April 2016

In the month of April, there were several prominent stories in the news regarding workplace diversity. In this monthly roundup, you will find out: Why a prominent tech CEO is facing threats from his employees. What a major STEM brand is doing to increase diversity in its workforce. How an activist investment capital firm is [...]
5 Easy Tips For Developing Important Relationships At Work

5 Easy Tips For Developing Important Relationships At Work

Building relationships is crucial to the success of every professional. In order to progress in your career, you have to have the right relationships. You need to be able to build influence. But it’s not easy, is it? You go about your regular workday. You perform your job function. You don’t have time to build [...]
Sick And Tired Of Not Getting What You Want At Work?

Sick And Tired Of Not Getting What You Want At Work?

Have you ever wondered why certain people in your organization get their way more often than others? I’m sure you have. These people seem to be able to propose any idea under the sun and gain backing for it. They seem to know exactly how to get everyone else behind their new initiative. Their ideas [...]
The Incredible Benefits Of Vendor Consolidation

The Incredible Benefits Of Vendor Consolidation

Is your procurement organization becoming overwhelmed by the amount of vendors it deals with? Is it becoming harder to manage your vendor relationships?  Does your Procurement Department fail to understand the benefits of vendor consolidation? It’s a common problem. It’s something many companies deal with, and it can be quite frustrating. Having to juggle so [...]
5 Sure Fire Ways To Handle Conflict Like A Pro

5 Sure Fire Ways To Handle Conflict Like A Pro

How many times have you wished you could avoid conflict? If you’re like most people, we spend a lot of time trying to stay away from disagreements at work. We’ve all been there. Let’s just face it. Conflict makes us feel uncomfortable. It’s unsettling and we don’t like it. Unfortunately, when you’re working in an [...]
5 Steps To Selling Your Leadership On Tail Spend Management

5 Steps To Selling Your Leadership On Tail Spend Management

Okay, so you’ve seen the light and realized the importance of tail spend management. This area of non-managed spend is costing your organization a lot of money.  At first, you may have believed your organization’s unmanaged spend was a minor issue. You probably thought the rogue spending only made up a few smaller purchases. Then, [...]
Should You Centralize Your Procurement Operations?

Should You Centralize Your Procurement Operations?

If you want greater control of your company’s procurement processes, a centralized procurement organization may be the best for your company. How often has your company had issues with keeping track of the purchases being made? If your procurement organization is decentralized, it might be harder for you to keep control of your purchasing operations. How much [...]
Diversity in the News: The Good, the Bad, the Ugly

Diversity in the News: The Good, the Bad, the Ugly

What’s going on in the fight for greater diversity in the STEM world? In this post, we will take a look at diversity in the news. In this past month of July, diversity has been very prominent in the news. Diversity in STEM fields has long been a hot-button issue. While the diversity in the [...]