Art of Procurement

Art of Procurement

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Procurement leadership, supplier strategy, execution and operating models

Confidence, Cost, and Compliance: Insights From the Economist Impact Report
NewsMay 10, 2026

Confidence, Cost, and Compliance: Insights From the Economist Impact Report

The latest Economist Impact report reveals a global slide in procurement confidence, down 15‑18% across regions, industries and roles. Cost has surged back to prominence, now the second short‑term priority and accounting for 54% of the value proposition. AI has...

By Art of Procurement
Social Value as Strategy in Public Sector Procurement
NewsMay 7, 2026

Social Value as Strategy in Public Sector Procurement

The UK’s Social Value Act, now a core element of public‑sector procurement, requires buyers to assess how suppliers will benefit local communities, with a minimum 10% weighting that many councils have raised to 20‑30%. Guy Battle of the Social Value...

By Art of Procurement
Benchmarking Procurement: Lessons From $1.4 Trillion in Spend
NewsMay 3, 2026

Benchmarking Procurement: Lessons From $1.4 Trillion in Spend

Sievo’s 2025 State of Spend report draws on $1.4 trillion of procurement data to give CPOs a rare external benchmark. The analysis shows that even mature organizations leave 20‑30% of spend unoptimized, with simple levers like payment terms and PO policies...

By Art of Procurement
The Agentic Shift in Procurement: The Rise of Autonomous Processes
NewsApr 27, 2026

The Agentic Shift in Procurement: The Rise of Autonomous Processes

Procurement is moving from manual, digitized processes to agentic AI that can autonomously execute tasks. Coupa’s VP Viji Doraiswamy explains that orchestration engines now drive requests beyond intake, coordinating policies and approvals without human bottlenecks. The shift forces leaders to...

By Art of Procurement
UPS Picks Profitability Over Volume, and The Teamsters Push Back
NewsApr 23, 2026

UPS Picks Profitability Over Volume, and The Teamsters Push Back

UPS is slashing its Amazon parcel volume by roughly two million packages per day, a move aimed at shifting the carrier’s focus from sheer volume to higher margins. The strategy is expected to generate $3 billion in cost savings from the...

By Art of Procurement
Provider of the Week: Prewave
NewsApr 22, 2026

Provider of the Week: Prewave

Prewave provides an AI‑enabled platform that gives global brands real‑time visibility into supplier and supply‑chain risks, covering operational disruptions, ESG issues, and compliance. The solution monitors tens of thousands of suppliers for over 250 customers, extending insight beyond tier‑1 to...

By Art of Procurement
AI, Talent, and the New Shape of Procurement in India
NewsApr 19, 2026

AI, Talent, and the New Shape of Procurement in India

India’s procurement function has moved from a transactional back‑office role to a strategic business partner, driven by heightened CEO and CXO interest. While shared‑service models introduced frameworks, the underlying talent was already equipped to handle complex sourcing. Experts stress that...

By Art of Procurement
Everyone Has a Role in Growing the Value Chain
NewsApr 16, 2026

Everyone Has a Role in Growing the Value Chain

Andrew Quincey argues that value in procurement cannot be reduced to efficiency alone; it requires a balanced equilibrium of effectiveness, efficiency, and economy. In his recent Journal of Public Procurement article, he proposes that organizations shift the “why” to the...

By Art of Procurement
Procurement Under Pressure: Disruption, AI, and the New Operating Model
NewsApr 12, 2026

Procurement Under Pressure: Disruption, AI, and the New Operating Model

Procurement leaders are confronting relentless disruption that now includes supply shortages, tariffs, cyber risk and operational failures, while business expectations have expanded beyond cost control to growth and risk mitigation. A recent Art of Procurement podcast, featuring AlixPartners’ Jon Jensen...

By Art of Procurement
From Ports to Geopolitics: Protecting U.S. Cargo Worldwide
NewsApr 9, 2026

From Ports to Geopolitics: Protecting U.S. Cargo Worldwide

The Federal Maritime Commission (FMC) is widening its oversight beyond U.S. shores to safeguard American cargo wherever it travels. Chairman Laura DiBella highlighted the agency’s use of the 1988 Foreign Shipping Practices Act to probe restrictive foreign laws, global chokepoints,...

By Art of Procurement
Procurement's Innovation Sandbox: How Digital Garages Deliver Value
NewsApr 8, 2026

Procurement's Innovation Sandbox: How Digital Garages Deliver Value

Procurement leaders face a flood of new digital tools and AI capabilities that outpace traditional sourcing cycles. To keep pace, many are adopting "digital garages"—structured sandbox environments where startups and buyers co‑develop solutions. This model balances rapid innovation with risk...

By Art of Procurement
Procurement's Innovation Sandbox: How Digital Garages Deliver Value
NewsApr 8, 2026

Procurement's Innovation Sandbox: How Digital Garages Deliver Value

Procurement leaders face a flood of new digital tools and AI capabilities, forcing a shift from traditional, linear sourcing to more agile evaluation methods. Integrated procuretech solutions are consolidating stacks, but they also create overlap challenges that require careful analysis....

By Art of Procurement
Inside AOP's Catalyst Event Series: Elevating CPO Collaboration Beyond the Conference Room
NewsApr 5, 2026

Inside AOP's Catalyst Event Series: Elevating CPO Collaboration Beyond the Conference Room

Art of Procurement’s Catalyst series reimagines procurement conferences by turning them into interactive working sessions. Limited to 60‑70 senior leaders, the events prioritize peer‑led roundtables and mastermind discussions in distinctive venues like San Francisco’s Commonwealth Club. The format encourages participants...

By Art of Procurement
Building Ethical Leaders in Freight: Inside TIA’s Freight Leadership Lab
NewsApr 2, 2026

Building Ethical Leaders in Freight: Inside TIA’s Freight Leadership Lab

The Transportation Intermediaries Association (TIA) launched the Freight Leadership Lab, a certification program aimed at mid‑level brokerage managers to develop ethical, high‑performing leaders. The curriculum includes six modules covering profit mechanics, communication, problem‑solving, decision‑making, and a dedicated ethics component taught...

By Art of Procurement