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

Can strategic procurement be a catalyst of change in business? Two enterprise practitioners believe it can, and they have seen how enabling and embracing data-driven procurement with a strategic ...

A five-year procurement plan is vital for fleets to navigate changing regulations and tariffs, aligning operations with financial goals. To effectively manage costs, fleet operators must establish ...

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 ...

="margin-bottom:8px">In the current environment of business uncertainty, CFOs can be sure of one thing—cost savings will remain a critical focus. However, achieving sustainable cost reductions ...

Members from Amtrak police, Transportation Security Administration and local law enforcement agencies participate in Operation RAILSAFE at Washington, D.C.'s Union Station on Sept. 3, 2015. (Official ...

While small businesses have grown by 27.5% nationwide, many are finding that their procurement functions are stagnating. But this isn’t a reflection on the employees responsible for purchasing or of ...

Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

Long-term strategic business planning is necessary for company growth and success, explains Entrepreneur magazine. Business plans provide companies with the tools to track growth, establish a budget ...