Procurement Shifts from Cost Center to Growth Driver

Procurement Shifts from Cost Center to Growth Driver

A report indicates that procurement professionals aspire to play a more significant role in corporate innovation, eager to embrace new technologies, drive supply chain upgrades, and even lead product innovation. However, risk aversion and departmental silos are major obstacles. Companies should encourage procurement innovation, elevate its strategic importance, and foster cross-functional collaboration. Suppliers and logistics companies should also proactively offer innovative products and services. By overcoming these hurdles, procurement can become a key driver of growth and competitive advantage, leading to more efficient and resilient supply chains.

01/28/2026 Logistics Industry Insights
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Gender Pay Gap Persists in Procurement Solutions Emerge

Gender Pay Gap Persists in Procurement Solutions Emerge

The gender pay gap in procurement is widening, with women earning less than men and the disparity increasing. Structural barriers and unconscious biases are major contributing factors. Addressing this requires raising awareness, implementing fair hiring and promotion policies, offering flexible work arrangements, advocating for pay transparency, encouraging women's participation in industry events, and fostering a diverse and inclusive corporate culture. Collective action is needed to create an equitable professional development environment for all.

01/29/2026 Logistics Industry Insights
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Procurement and Logistics Silos Hinder Supply Chain Efficiency

Procurement and Logistics Silos Hinder Supply Chain Efficiency

A recent GSCI study from the University of Tennessee reveals that insufficient procurement and logistics collaboration creates supply chain bottlenecks. Independent budgets lead to departmental fragmentation and information asymmetry. Enhanced collaboration can improve supply chain resilience. Companies should establish shared performance metrics, optimize organizational structures, invest in technology, and cultivate a collaborative culture to break down departmental silos and maximize supply chain value. This requires overcoming budget independence and fostering information sharing to achieve true supply chain synergy.

02/04/2026 Logistics Industry Insights
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Firms Adopt Digital Procurement to Optimize Supply Chains

Firms Adopt Digital Procurement to Optimize Supply Chains

This paper delves into the critical role of suppliers in the business supply chain, elaborating on supplier classification, tiered management, and the application of digital procurement systems in optimizing supplier management. By effectively classifying and tiering suppliers, and leveraging digital procurement systems, companies can better control their supply chain and enhance overall competitiveness. This includes improved risk mitigation, cost reduction, and enhanced collaboration with key suppliers, ultimately leading to a more resilient and efficient supply chain.

02/05/2026 Logistics Encyclopedia
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Digital Procurement Systems Cut Costs in Crossborder Ecommerce

Digital Procurement Systems Cut Costs in Crossborder Ecommerce

The demand for green procurement in cross-border e-commerce is increasing, posing challenges to traditional procurement models. The KEYFIL procurement system helps companies achieve efficient, low-carbon, and sustainable green procurement and enhance market competitiveness through multi-supplier management, flexible order splitting and consolidation, connection with logistics and financial systems, and multi-dimensional report analysis. It addresses the evolving needs of businesses seeking to integrate environmentally responsible practices into their global sourcing strategies.

02/05/2026 Logistics Industry Insights
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Airlines Optimize Fleets for Postpandemic Profitability

Airlines Optimize Fleets for Postpandemic Profitability

The pandemic has accelerated transformation in the aviation industry, forcing airlines to optimize their fleet structure by retiring older aircraft and embracing new, more efficient models. North American airlines have focused on increasing seat capacity to improve efficiency, while European airlines have prioritized cost reduction. In the post-pandemic era, fleet optimization is crucial for enhancing profitability. Airlines must strategically manage their aircraft assets to navigate the changing market dynamics and ensure long-term financial sustainability. This includes considering factors like fuel efficiency, maintenance costs, and passenger demand.

01/19/2026 Logistics Industry Insights
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Amazon Business Hits 8 Million Customers Expands European Procurement

Amazon Business Hits 8 Million Customers Expands European Procurement

Amazon Business has surpassed 8 million customers, introducing several innovative features for the European market. These include accelerating sustainable procurement, simplifying invoice management, real-time monitoring of anomalous spending, and intelligent budget allocation. These features empower businesses to achieve digital transformation of their procurement processes, enhance efficiency, and improve compliance. The platform aims to streamline operations and provide greater visibility into spending patterns, ultimately helping companies optimize their procurement strategies and achieve their sustainability goals.

11/03/2025 Logistics
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Procurement Leaders Adopt Four Key Strategies for 2025 Challenges

Procurement Leaders Adopt Four Key Strategies for 2025 Challenges

In the face of a complex and volatile procurement environment, procurement leaders need to master four key strategies: Diversification to build a resilient supply chain, value analysis and cost modeling to optimize costs, AI and data-driven insights to empower decision-making, and automated contract lifecycle management to enhance efficiency. Embracing change and building a more resilient, efficient, and sustainable supply chain is critical to winning in the future. These strategies enable organizations to navigate challenges and capitalize on opportunities in the evolving global landscape.

11/03/2025 Logistics Industry Insights
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Procurement Professionals Focus on Yearend Reviews for Career Growth

Procurement Professionals Focus on Yearend Reviews for Career Growth

As the year-end summary season approaches, how can procurement professionals write a professional and outstanding summary? This article provides a template integrating departmental and individual perspectives, covering KPI achievement, supplier management, cost control, project review, problem analysis, personal growth, and work plan. It helps you to be data-driven, focus on results, and achieve promotions and salary increases. The template emphasizes quantifiable achievements and strategic contributions, providing a framework for showcasing the procurement team's impact on the organization's bottom line and overall success.

01/15/2026 Logistics Encyclopedia
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Kraft Heinz Names Janelle Orozco North America Procurement Chief

Kraft Heinz Names Janelle Orozco North America Procurement Chief

Kraft Heinz has appointed Orozco as the Chief Procurement Officer for North America, reshaping procurement to address costs and risks. She will focus on optimizing supplier relationships, improving efficiency, and driving sustainability initiatives. This appointment signals a shift towards a more strategic and resilient procurement approach within the company. Orozco's leadership is expected to enhance the supply chain's responsiveness to market dynamics and contribute to long-term value creation for Kraft Heinz.

01/16/2026 Logistics Industry Insights
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