When implemented correctly, compliance can have a tremendous impact on your business's purchasing success. However, regulating company spend and managing rogue purchasing can be a daunting task for procurement professionals. These Do's and Don'ts will help you keep your company on track for purchasing success.
It's a new year and everyone is trying to break a nasty habit. Most new year's resolutions incorporate some diet or another, other's are making 2019 the year to stop smoking, but there is one craze that has taken the forefront: Organization.
Creating value doesn't end as soon as you join a group purchasing organization. There are still steps your business can take to contribute to your value, even after a GPO has begun to manage a category.
Why data is so critical? What can you do to start your journey to data enrichment? Timely and detailed inventory data can make a world of difference within your organization, found out how...
At the 2017 CoVest Member Meeting, a representative from HON spoke to our members about the rapidly changing workplace. The physical change we have seen to the average office in the last couple of decades can be attributed to 9 factors.
Missed the 2017 CoVest Member Meeting? Don't fret, here's an overview of the presentation.
In our recent whitepaper entitled Keys to Success in Conducting a Request for Proposal Process, we covered the full range of activities in the Request for Proposal (RFP) process including negotiations. Now we'll dives further into the negotiations process, quite possibly the most critical step towards creating successful supplier relationships.
Transparency is crucial in making the best decisions for your company. Seeing the full scope of company costs can save you now and in the long run. The easiest way to ensure fiscal transparency is by obtaining access to the data which details every component that goes into your pricing.
Pharmaceutical cost can have an impact on your organization's PBM, stay ahead of the ball by reviewing these four factors that influence pharmacy cost.
Before we can better understand how group purchasing can benefit your organization's future, let's first take a look at the history of group purchasing.
