Cost Savings in Procurement

How can you leverage market influences like raw material prices and energy costs in procurement? And how can you take advantage of exchange rate fluctuations? Our whitepaper reveals 5 levers you can use for cost savings in procurement.

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Procurement Trends and more.

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Blog

January 21, 2025

10 Procurement & Supply Chain Events to Mark on Your Calendar in 2025

Trade shows, conferences, expos—there’s no shortage of exciting events in the procurement and supply chain industry. These gatherings offer invaluable opportunities for vendors and attendees alike to connect, learn, and grow. As a provider of procurement intelligence solutions, attending the right events is a key part of our strategy. During our research into 2025’s industry highlights, we discovered a wealth of promising opportunities. To help you navigate the calendar, we’ve compiled a list of must-attend events below.

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Blog

December 5, 2024

Manufacturing Industry: Why Profit Lies in Procurement

The old saying "Profit lies in procurement" is well-known in the business world. Today, it seems more relevant than ever, and it sets high expectations for procurement organizations. In the manufacturing industry—whether in aerospace, electronics, or chemicals—material costs often account for over 50% of total costs. In the automotive industry, this figure can rise to over 70%. This shows that optimizing material costs not only boosts efficiency but also increases profitability. Procurement, therefore, holds significant potential for cost savings.

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Blog

March 19, 2024

Procurement in the era of uncertainties: How digitalization can help overcome current challenges

‍To what extent can digitalization support procurement teams in identifying and driving new cost savings to increase competitiveness in volatile markets?

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