Contingent workers or independent contractors have become a significant and sometimes permanent aspect of any workforce. Because of their large presence, companies should be considering the tools they use to manage these workers. 

The food industry has seen recent successes in many areas, however could that success be further amplified?

CoVest Sourcing Network has partnered with My Purchasing Center to produce a study that will identify and understand how leaders create value through group purchasing.

Core list and rewrites are a major aspect of sourcing indirect spend. Some would even say that this is the main place to optimize savings year after year. Eager to learn more? Read on to find out everything you need to know about core list development and rewrites. 

Leverage within a group purchasing organization (GPO) is meant to benefit all parties, but how exactly is it effecting the members? Members gain from GPO leverage and here's why: 

Last week, CoVest had its fourth annual member meeting. We were thrilled to host this years meeting in our hometown of Cleveland, Ohio. Other than treating our members to the wonders of Cleveland, the meeting covered a wide range of subjects, ranging from CoVest updates to new supplier advances.

As a verb, to leverage means to gain an advantage through the use of a tool. For example, you can more easily lift a heavy object with a lever than you can lift it unaided. That is what is happening in a group purchasing organization (GPO). A company, that uses a GPO as a tool, can be seen as part of a bigger organization and thus gain better pricings, service and terms than it could have on its own.