5 Top Purchasing Best Practices for the Ages

Editor’s note: This article first ran in 2014 and these recommendations remain ageless. There’s nothing quite like the fresh slate of a brand new year to make buyers think about their current practices and how they can be improved, upgraded, or even completely replaced. If you’re looking to implement one or more best practices this…

6 Spend Management Tips for Success

Defined as “the way companies control and optimize the money they spend,” spend management is a best practice that can yield a wide range of benefits for purchasing organizations. It encompasses the full purchasing lifecycle — from sourcing goods and selecting suppliers to setting up contracts and paying suppliers — and helps buyers take a…