Specialist Lexicon for Purchasing & Procurement

The most important thing first: A purchasing cooperative is the strategic merger of legally independent companies in order to gain market power by pooling their demand...

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….

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

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

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

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…

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

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

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

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

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