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yet caught up to this reality, and procurement is still widely misunderstood, often under-resourced, and burdened by outdated processes and tools.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 Now is not the time for procurement leaders to rely on outdated methods; […]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, […]
Take Control of your Spending
Spending, spending, spending. That is all many businesses seem to do and their commercial success will depend heavily on how they manage their operational spending and procurement process. Subsequently, it is essential to take control of spending and to have visibility. Otherwise, you’ll lose track of what you have spent money on, who you have […]
Making your Cost Efficiencies Effective
We all work hard to give our businesses the best chance of achieving commercial success by generating as much revenue as we can to increase our company’s bottom line. But it’s not just growing revenues that can give your bottom line an uplift. Driving cost efficiencies through your business by decreasing procurement costs, changing products, […]
