Many procurement teams are either using or thinking about investing in BI solutions. But how well do BI tools support their procurement efforts?

Working data-driven and fact-based with your procurement costs is crucial to identifying and realizing savings.

Many construction companies are still in the stone age when it comes to strategic procurement – despite its massive influence on the business.

Are you developing a category strategy, but not sure where to start? Follow these six steps to create an action-based category strategy for your company.

Classifying, or categorizing, spend provides you with more control, better overview and detailed insights. In addition, it's a vital part of category management and strategic procurement.

You can use multiple levers to reduce procurement costs. One strategic lever is to renegotiate with your existing contracts.

The Kraljic Matrix is a useful tool ​​when defining relevant procurement levers. Let's take a closer look at how to address strategic categories.

Managing your contracts and improving compliance is essential to ensure that savings are realized.

Implementing category management may seem challenging, but our experience suggests that a few, basic principles can take you a long way.