5 Easy Procurement Negotiation & Savings Tactics in a Downturn

May 26, 2020By Jordan JansenArtificial Intelligence, COVID-19, Procurement, Recession, Tips

Executive Insights Companies are aggressively looking for tactics to reduce costs and unlock savings on all their indirect and direct purchases and to more effectively manage their cash flow in procurement.¬† Declining market demand and over-capacity is driving finished product manufacturers to put price pressure on their suppliers. They too must then re-negotiate contracts with … Read More

How Procurement Must Lead Through the Coronavirus Recession

April 21, 2020By Jordan JansenBlog, COVID-19, Procurement, Recession

Procurement leaders must urgently spearhead a campaign to help their businesses endure the coronavirus recession and lay a solid foundation that maximizes future business opportunities. This article outlines how procurement teams can formulate effective Cash Management, Supplier Management, Risk Management, and Spend Management Strategies that help mitigate the effects of this (or any future) crisis. … Read More