Many companies who are in the same industry form group purchasing organizations to save on ordering products and supplies. Because of bulk ordering, the group can ask vendors for discounts. You can ...

How would you like the opportunity to leverage your purchasing power and spend like the large conglomerates? Well, you can through a GPO. A group purchasing organization (GPO) allows a group of ...

A functional and cohesive procurement policy is vital to improving profitability. While clear standard operating procedures are important, it takes more to create efficiencies. The procurement ...

Forbes contributors publish independent expert analyses and insights. Peter Bendor-Samuel is founder & executive chairman of Everest Group. The role of CPOs and their organizations grew over the last ...

For most companies, organization design could be seen as an oxymoron: Organizational structures rarely arise from systematic and planned intervention. They tend to evolve and emerge over time in ...