Why CFOs Are Now the Biggest Procurement Champions
For decades, procurement and finance operated as two parallel worlds. Procurement was tasked with sourcing goods and services while finance focused on budgets, compliance, and the bottom line. The relationship was transactional and reactive. But in the last few years, something fundamental has changed. The Chief Financial Officer has become one of procurement’s strongest allies. […]
How Procurement Technology Transforms Manufacturing Operations
The manufacturing industry faces unique challenges when it comes to procurement. From managing complex supply chains to coordinating with multiple vendors across different locations, manufacturers need robust systems to keep operations running smoothly. This is where modern procurement technology becomes essential for staying competitive and maintaining profitability. The Procurement Challenges in Manufacturing Manufacturing companies deal […]
From Maverick Spending to Smart Governance: The Future of Procurement Control
Every organization struggles with it, the purchase that happens outside policy, the surprise invoice from a department that did not follow procedure, or the supplier added last minute without procurement’s involvement. This is maverick spending, and it silently drains millions from enterprises every year. The challenge is not just preventing maverick spending, it is doing […]
Procurement 2.0: The Digital Advantage That Will Define Your Future
Procurement has always been at the heart of business operations, connecting people, budgets, and suppliers. But over the past decade, its role has changed completely. It is no longer a back-office function, it has become a strategic driver of value, resilience, and competitive advantage. This transformation marks the rise of Procurement 2.0, a new era […]
Why Local Content Is the New Competitive Advantage for Saudi Enterprises
For decades, procurement was primarily judged by one measure, cost. The cheaper the supplier, the better the deal. But in today’s Saudi economy, that mindset is rapidly changing. A new factor has emerged as a competitive advantage, local content.Driven by Vision 2030 and the efforts of the Local Content and Government Procurement Authority (LCGPA), Saudi […]
Beyond Savings: The New Procurement KPIs Every CFO Cares About in 2025
For years, procurement success was measured by one number, savings. The lower the price, the better the performance.But in 2025, that definition has changed. CFOs and CEOs are no longer asking “how much did we save?”, they are asking “how much value did we create?” Modern procurement is about visibility, control, and impact. It is […]
AI in Procurement, Separating Real Impact from Hype
Artificial Intelligence has become the most talked-about trend in business transformation. Every software company claims to be “AI-powered,” and every enterprise wants to adopt it. Yet for many procurement leaders, the question remains, is AI in procurement truly transformative, or just another wave of buzzwords? The truth lies in the details. AI is already transforming […]
From CFO to CPO: How Procurement Is Becoming the New Growth Engine
Procurement’s Evolution: From Savings to Strategy Procurement has long been viewed as a cost-control department focused on savings, compliance, and supplier management.But that definition is changing fast. In modern enterprises, procurement is stepping into a strategic role, driving financial resilience, risk mitigation, and even growth. And it’s catching the attention of CFOs. The best-performing companies […]
Procurement 2.0: Why Digitization Alone Isn’t Enough
The First Wave: Digitization In the past decade, many organizations proudly announced, “We’ve digitized our procurement.” That usually meant shifting from paper and email-based purchasing to an online system automating approvals, sending RFQs digitally, and tracking spend on dashboards. That was Procurement 1.0 — the first wave of digital transformation.It made procurement faster and more […]
