Procurement 2024: Trends, Challenges, and Opportunities
The last few years have been tumultuous for procurement leaders – and that’s putting it lightly. Companies have had to navigate resource limitations, changing expectations, and increasingly complex economic challenges. All of this while teams are expanding their engagements with outside vendors and signing shorter term contracts. While it doesn’t feel like there is a…
Read MoreProtected: Productiv Fireside Chat | December 2023
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Read MoreCheckers to Chess: How Spend Management is enabling Procurement to become a strategic business partner today
The sprawling landscape of suppliers and the sharp focus on optimized spend has shaken up the role of Procurement today. Previously perceived as tactical, Procurement teams that are moving the needle are transformative. What does that mean? It means they’re partners to the business. Not just getting stuff done, but helping to make impactful decisions,…
Read MoreWhat is indirect procurement and why your company should care
Projected to grow by an estimated 7 percent per year globally, indirect procurement provides an often overlooked opportunity for companies to save time and money. When companies use digital solutions to “revolutionize” indirect procurement, McKinsey estimates cost savings of 15 to 20 percent. This provides a huge opportunity for companies to invest in their longevity…
Read MoreWhat is vendor relationship management?
Companies rely on outside vendors to help reach their goals. However, few are dedicating the time to ensure the success of those vendor partnerships. By implementing an effective vendor relationship management strategy, companies can achieve measurable success and see faster return on investment. What is vendor relationship management? Vendor relationship management (VRM) is the process…
Read MoreWinter is coming: 8 tips for end of year procurement readiness
Winter is coming. It may have already arrived for some. And that means it is time for end of year madness. While we all know it is coming, few of us have the bandwidth and resources to properly plan for the influx of requests, the surprise renewals, and the quicker than possible turn time expectations.…
Read MoreProductiv ranks 31 on Deloitte’s 2023 Technology Fast 500
We’ve got some exciting news to share: Productiv has earned 31st place on the 2023 Deloitte Technology Fast 500 list.
Read MoreFrom tactical to transformation: How world class procurement organizations are evolving today
We see that many Procurement teams are evolving from tactical to transformational functions with their companies – why is this happening now?
Read MoreWhat is spend management?
Not sure what Spend Management is? Here you’ll learn what Spend Management is and how it can help you and your business.
Read MoreFrom request to requisition: Best practices for faster decisions
How teams can rethink their procurement processes to make faster, smarter decisions.
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