Corcentric blog

Procurement’s RFP process has become a corporate buzzkill, stalling progress with rigid templates and wasted time. Stakeholders see it as a roadblock, not a resource, and they’re not wrong. But the issue isn’t the process itself—it’s how we use it. It’s time to ditch the inefficiency and rethink procurement as a driver of strategy.

Having a strategic marketing-based procurement perspective will help you enhance important requirements that Procurement can leverage through a tailored RFP.

A good deal of thought and energy go into building an SRM program. Which is why too many smaller organizations fail to do so and are left wondering why their bigger competitors seem to have the cream of the crop when it comes to supplier resources. Like all relationships, organizations get out of their suppliers what they put in. Investing time and attention into SRM is the most reliable way to improve the output of your most important suppliers.

A GPO partner can quickly and efficiently drive substantial value to your organization, often serving as an effective, low touch way to bring indirect spend under management.

Shifting from traditional checks to digital payments like ACH and virtual cards offers businesses more efficiency, security, and cost savings. Checks, though simple, come with high costs and increased fraud risks. However, moving away from them requires proper supplier information management (SIM) to ensure accurate and secure payment processing.

The Ardent Partners Procurement Metrics That Matter report is an annual must-read for those of us in the industry seeking to understand the mindset of today’s procurement leaders. It provides valuable insight into trends and forecasts for procurement organizations, how they are behaving today, and what that might look like tomorrow.

Staying resilient means staying on top of procurement challenges, from supply chain to risk. Learn what challenges CPOs are facing right now.

An over-reliance on template-driven RFPs and apples-to-apples comparisons can stifle innovation and creativity in procurement, reinforcing the perception of procurement as mere RFP administrators and savings calculators.

Building a house without a plan is chaotic, and the same goes for a company without a purchasing strategy. This essential approach ensures effective resource management, cost optimization, and strengthened supplier relationships.