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 […]
Local Content Tracking Is the Next ESG: Why Compliance Will Define 2026 Procurement
From ESG to Localization: The New Compliance Frontier Over the past five years, procurement leaders have become familiar with ESG — Environmental, Social, and Governance metrics.But the next big compliance shift is already taking shape, especially across the Middle East: Local Content Tracking. As governments push for economic diversification and job creation, local content requirements […]
The Rise of Procurement AI: From Data Chaos to Decision Clarity
Procurement Is Drowning in Data and That’s the Opportunity Every procurement team today sits on a mountain of data: supplier profiles, past bids, invoices, performance reports, and cost histories. But most of that data lives in spreadsheets, email attachments, and disconnected systems, impossible to analyze or use for smarter decisions. That’s why Procurement AI is […]
How Construction Companies Are Turning Procurement into Their Secret Profit Center
Procurement in construction used to be a back-office process paperwork, endless RFQs, and slow approvals.But today, it’s quietly becoming the most powerful lever for profit in the entire project lifecycle. Margins in construction are thin. Material prices fluctuate weekly. Subcontractor networks are massive. And yet, many firms still manage procurement with emails and spreadsheets. That’s […]
How Companies Using Penny Save an Average of 6.11% in Direct Costs
Procurement has always been seen as a cost center. Teams are tasked with negotiating better deals, chasing discounts, and making sure suppliers deliver on time. But in 2025, procurement is no longer just about buying, it’s about generating real, measurable savings that impact the bottom line. At Penny, we’ve seen firsthand how companies that digitize […]
Procurement in 2026: 5 Trends Every Company Should Prepare For
Procurement has transformed dramatically over the past decade. What was once seen as a transactional, back-office process is now recognized as a strategic function that drives cost savings, resilience, and even brand reputation. And as we move into 2026, the pace of change is only accelerating. Companies that prepare for these shifts will thrive. Those […]
