Todd Abner is founder, president and CEO of OMNIA Partners, a leading group purchasing org. in the U.S. serving public and private sectors. For decades, procurement was exclusively measured by price.

“Where procurement is going next” found that companies excelling in procurement had digital capabilities maturity scores 40% higher in strategy, digital and data/analytics compared to average ...

We explore the main types of procurement in detail below, including their definitions, examples, challenges, and best practices. Direct procurement Direct procurement refers to purchasing materials, ...

Ask almost any chief procurement officer (CPO), and, more than likely, they’ll shruggingly admit that procurement—that business-critical function of sourcing and paying for goods and services—is far ...

Procurement and sourcing are cornerstones of any business operation, as they greatly influence the cost structures, quality of production, and overall profitability. They ensure a steady flow of the ...

Who the heck is Arkestro? And, what the heck is predictive procurement orchestration? Those were the two questions that took me to Optimal22 this past week, a one-day event in Las Vegas billed as the ...

What are the most common types of procurement? Procurement stands as one of the most influential business functions in modern organizations, directly impacting both financial performance and ...

The main types of procurement Procurement can be classified in several ways. Broadly, it can refer to what is being purchased, such as direct versus indirect procurement, as well as how the ...