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Geopolitical Instability Among Top Concerns for Procurement and Supply Chain in 2017

This past year was an eventful one, as far as geopolitics is concerned – the European refugee crisis and growing unrest in the Middle East, coupled with China and Russia’s assertive stance on regional issues, caused widespread political instability across several nations.

The Outlook for Procurement in 2017 and Beyond – Global Supertrends and Their Implications

The political and economic changes witnessed in 2016 will continue to have far-reaching effects on global businesses in 2017 and beyond, according to GEP’s recently published annual Procurement Outlook report. Uncertainty in the global economic and business environment could result in lower investments and dampen the overall global economic growth. In addition, the lack of international consensus on climate change is another possibly destabilizing factor.

Is Your Procurement Team Ready for the Mobile Revolution?

A new study by Knoll Workforce Research states that more than 91% of employees today report doing work outside of their traditional work locations. By 2020, nearly most large organizations will offer mobile work options to their employees. What does this mean for your procurement team?

Purchasing vs Procurement – What’s Really the Difference?

When does purchasing become procurement and when is procurement actually just purchasing?  Are the two terms not simply interchangeable?

We can begin with some standard definitions:

Purchase:  to obtain something by paying for it.

Procurement: the action of obtaining or procuring something.

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