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Specialist Lexicon for Purchasing & Procurement

Are you looking for definitions of procurement terms? Our specialist glossary offers in-depth expert knowledge on all relevant topics in purchasing and supply chain management.
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Global Sourcing: Definition, Methods and Benefits

The most important thing to start with: Global sourcing is the strategic development of worldwide procurement markets in order to achieve competitive advantages through cost optimisation, technological leadership and capacity assurance….

Procurement Consulting: Achieving Sustainable Savings

Companies that rely on professional procurement consulting achieve average cost savings of between 5 % and 15 %, while simultaneously minimising risks….

Research Grant 2026: The Ultimate Guide for Businesses

The key points in brief: The Research Allowance 2026 marks the most significant milestone to date in tax-based innovation funding in Germany and offers companies a…

Maverick Buying: Definition, Risks and Strategies to Avoid

Maverick buying refers to the uncontrolled purchase of goods or services bypassing central procurement. This leads to…

Savings potentials in purchasing: 7 ways to more profit

In brief: To sustainably increase profitability, companies must specifically identify and exploit savings potential in procurement. A…

Funding programmes 2026 for businesses: An overview of all grants

The most important thing first: The 2026 funding programmes are focusing heavily on the „Dual Transformation“: digitalisation (AI focus) and decarbonisation. Companies can receive funding for…

Bundling in Purchasing: The Practical Guide to Better Purchasing Conditions

The most important thing first: strategic bundling in purchasing is one of the strongest levers for cost reduction. Through the aggregation of volumes…

Optimising purchasing processes: increasing efficiency and reducing costs

Anyone wanting to sustainably optimise their purchasing processes today faces the challenge of combining agility with cost-efficiency. In a time of volatile…

Procurement Consulting: Tips for Small and Medium-sized Enterprises

The most important points in brief: Specialised procurement consulting enables medium-sized companies to sustainably reduce their total cost of ownership (TCO) by 5 %...

Procurement Risk Management: Methods for Stable Supply Chains

In brief: Effective purchasing risk management is based on the continuous identification, assessment, and control of potential hazards along…

Transformation in Purchasing: Strategies for Modern Procurement

In an era of global supply shortages, political instability, and rapid technological change, shopping in 2026 is no mere…

Sustainability in procurement: integrating ESG in sourcing

The most important points at a glance Real sustainability in purchasing will be the foundation of crisis-proof corporate management in 2026. Through the…

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