Major companies have recognized the importance of investing in procurement performance management. In recent years, procurement’s role transformed from solely cost focused to one that is more vital.

Departments and schools should adjust their internal business processes to be appropriately aligned with the functionality of NUFinancials. Departments and schools also need to assess the core ...

Procurement and purchasing roles are evolving fast, blending strategic thinking with tech-savvy skills. From mastering negotiation to leveraging AI tools, the most in-demand professionals are those ...

For decades, buyers of industrial-machinery components focused mainly on price. Today, procurement patterns are gravitating toward best value and total cost of ownership (TCO). Yet even as this ...

In today’s economic climate—between supply chain snags, a downturned economy, inflation, the skills gap and more—cost reduction is top of mind for many procurement teams. One silver lining is that the ...

Earth Day 2026 has underscored procurement’s expanding influence in corporate sustainability, as firms navigate stricter regulations, resource limits, and rising ESG expectations. With 21% of ...

The General Services Administration’s work to lead the overhaul of how federal agencies acquire goods and services has included much discussion around the role of artificial intelligence in that ...

This story is part of Covering Climate Now, a global collaboration of more than 250 news outlets to strengthen coverage of the climate story. For three years in a row, the World Economic Forum’s ...