The future of GPOs: From fee-based model to fintech ecosystem
Why the next generation of group purchasing organizations will monetize more, retain more, and become fintech-powered B2B commerce communities.
How back-office transformations can increase your EBITDA
Back-office transformations can have a substantial effect on a company’s EBITDA by improving operation efficiencies, propelling cost savings, and increasing indirect revenue
Breaking up with a supplier: Five steps for procurement leaders
Breaking up with a supplier is sometimes necessary, but it doesn't need to be difficult. Here are the 5 steps to follow to ensure a positive outcome
Procurement uncertainty in 2025: Strategies for risk and resilience
Procurement risk management, especially when it comes to assessing suppliers, is essential for organizations aiming to stay resilient amid ongoing supply chain disruptions.
Why your RFPs are a waste of time
Procurement’s RFP process has become a corporate buzzkill, stalling progress with rigid templates and wasted time. Stakeholders see it as a roadblock, not a resource, and they’re not wrong. But the issue isn’t the process itself—it’s how we use it. It’s time to ditch the inefficiency and rethink procurement as a driver of strategy.
Marketing & procurement: Navigating collaboration challenges
Having a strategic marketing-based procurement perspective will help you enhance important requirements that Procurement can leverage through a tailored RFP.
Are suppliers giving your small organization limited service?
A good deal of thought and energy go into building an SRM program. Which is why too many smaller organizations fail to do so and are left wondering why their bigger competitors seem to have the cream of the crop when it comes to supplier resources. Like all relationships, organizations get out of their suppliers what they put in. Investing time and attention into SRM is the most reliable way to improve the output of your most important suppliers.
Picking the right GPO partner for your business
A GPO partner can quickly and efficiently drive substantial value to your organization, often serving as an effective, low touch way to bring indirect spend under management.
Life beyond checks: the role of supplier information management in an AP payments program
Shifting from traditional checks to digital payments like ACH and virtual cards offers businesses more efficiency, security, and cost savings. Checks, though simple, come with high costs and increased fraud risks. However, moving away from them requires proper supplier information management (SIM) to ensure accurate and secure payment processing.