Procurement in Hospitality: Saving Without Compromising Guest Experience
In the hospitality industry, every detail matters. From the thread count of your linens to the freshness of ingredients in your restaurant, procurement decisions directly impact guest satisfaction and your bottom line. Yet, strategic procurement remains one of the most underutilized opportunities for hospitality businesses to improve both profitability and service quality. Why Procurement Matters […]
How to Gain Control of Your Indirect Spend: A Tips for Finance Leaders
Indirect spend—the purchasing of goods and services not directly tied to production often represents 20-30% of a company’s total expenditure. Yet for many organizations, it remains one of the most challenging areas to manage effectively. From office supplies and IT services to marketing expenses and professional fees, indirect spend touches every department but often lacks […]
Why Pre-Purchase Decisions Matter More Than Post-Purchase Savings
Most companies concentrate their energy on post-purchase savings. They negotiate discounts, push for supplier rebates, and try to optimize pricing after the money has already left the business.This focus feels natural—savings look real when they appear on a contract or a supplier invoice. But the truth fewer people talk about is this: The most meaningful […]
The Hidden Cost of Manual Procurement and Why It Destroys Your Bottom Line
Most leaders underestimate the real cost of manual procurement. On the surface, it looks simple. A few emails, a spreadsheet, some WhatsApp messages, and a PDF for approval. Nothing dramatic. However, behind this basic workflow sits a silent drain on money, time, and control. It weakens a company without anyone noticing. We see it every […]
What Procurement Can Learn From the Rise of Fintech
Over the last decade, the financial technology industry completely redefined how people and businesses handle money. What began as a movement to digitize banking turned into a global revolution that transformed finance forever. Procurement is now standing at the same crossroads. Just as fintech reshaped the financial world, smart procurement platforms are reshaping how companies […]
E-Procurement Myths That Are Holding Your Company Back
E-procurement has become one of the fastest growing areas in enterprise digital transformation. Every organization today talks about automation, visibility, and spend control. Yet despite this progress, many companies still hesitate to fully digitize their procurement process. Why? Because of myths that have quietly shaped perceptions for years. These misconceptions are slowing adoption, costing millions […]
Why Great Procurement Leaders Think Like Product Managers
Procurement has always been about control managing costs, ensuring compliance, and negotiating favorable terms. But as organizations grow more complex, and as technology reshapes how we buy, the best procurement leaders are no longer simply managers of process. They are builders of experience, innovators of systems, and curators of value. In other words, the best […]
From Reactive to Predictive: The Next Generation of Procurement Analytics
Procurement used to be about reacting. When a purchase request arrived, teams would process it, approve it, and move on. When a supplier failed to deliver, teams would respond with urgency and damage control. When the budget ran out, finance would investigate after the fact. But in today’s fast-moving economy, reacting is not enough. The […]
How Smart Procurement Platforms Are Enabling Local Content Growth in Saudi Arabia
When Saudi Arabia announced Vision 2030, one of its most ambitious goals was to diversify the economy and strengthen local industries. Central to this transformation is the concept of local content ensuring that national projects and procurement spending directly contribute to local businesses, manufacturing, and talent. But for years, achieving measurable progress on local content […]
