When “we use our ERP” really means “we don’t do procurement (yet)”
In our line of business, you’ll rarely hear anyone say “we don’t have a procurement system.” Instead, You’ll hear “we use our ERP”, and in reality, that often means sourcing and buying live in email threads and spreadsheets, while the ERP records the outcome after the fact. The ERP is your financial backbone and for […]
Why procurement inefficiency quietly kills margins
The invisible tax on your business: If you’re spending $50 million a year through your sourced procurement function, you may be silently leaking between $2.5 and 5 million. Not through fraud. Not through poor suppliers. But through process inefficiency, manual workarounds, and a lack of visibility, the worst part is that you probably can’t even […]
What is Source-to-Pay? Your complete guide for modern procurement
In today’s fast-paced and competitive business environment, organizations are constantly seeking ways to improve efficiency, reduce costs, and enhance supplier relationships. One of the most powerful frameworks enabling this transformation is Source to Pay (S2P). a comprehensive approach to managing the entire procurement lifecycle from identifying needs to making payments. But what exactly is Source […]
7 things you need to know about procurement (that nobody’s telling you)
Procurement is quietly transforming. For mid-market and enterprise organizations alike, it’s moved from being viewed as administrative overhead to a strategic powerhouse driving profitability, agility, and risk management. However, many companies haven’t yet caught up to this reality, and procurement is still widely misunderstood, often under-resourced, and burdened by outdated processes and tools. In this […]
5 KPIs Every Procurement Leader Should Know to Evaluate Suppliers
Suppliers are more than just names on a PO—they’re the backbone of your operations. Whether you’re sourcing raw materials, technology, or services, the quality of your suppliers can make or break your success. But here’s the challenge: how can you be sure your suppliers are performing at the level your business demands? You can’t rely […]
Mastering Procurement in a Volatile World: 8 Strategies for Success
Procurement leaders today face an array of unprecedented challenges. Economic volatility, supply chain disruptions, and geopolitical tensions are reshaping the procurement landscape, demanding more than just survival tactics. To thrive amidst these complexities, chief procurement officers and procurement leaders must adopt agile, resilient strategies. Here’s how to navigate this challenging environment and turn market volatility […]
Understanding Tomorrow’s Tech: A Must for Today’s Procurement Leaders
Introduction In a business landscape grappling with post-pandemic uncertainties, supply chain disruptions, and inflationary pressures, the imperative for strategic growth is more urgent than ever. Yet, as the threat of recession looms large, it’s clear that growth must be intelligent and technology-driven. Now is not the time for procurement leaders to rely on outdated methods; […]
Practices to Turn Cost Center into a Profit Center
Supply chains are a cost center in many companies, but can be turned into a profit center if some effective practices are applied. In this blog, we will address some methods that can be used to turn supply chains into a profit center and it was a pleasure discussion with Abdullah Al Tassan who has […]
Saving Big in The Freight Business with Digital Procurement.
Established in 1940 with a single shop selling everyday items, YK Almoayyed has grown into one of the most successful and fully diversified commercial organizations in the GCC, with operations across the region. Employing over 8,000 people, the company delivers products and services in key industry sectors, including automotive, construction, heavy equipment, electronics, home appliances, […]
