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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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Optimise product groups in purchasing with AI✅

The most important thing first: AI-powered optimisation of product groups marks the turning point in 2026 from purely administrative management towards…

Packaging and Packaging Waste Regulation (PPWR): New EU Rules for Packaging 2026

The main thing first: The new EU Packaging and Packaging Waste Regulation (PPWR) standardises waste law across Europe and…

Benchmarking in Purchasing: How Companies Save Up to 20% Costs %

The most important thing first: Purchasing benchmarking is the systematic comparison of prices, processes, and performance with competitors or market leaders...

Predictive Analytics: Definition, Methods and Best Practices

The most important thing first: Predictive analytics uses historical data, statistical algorithms, and machine learning to predict the likelihood of future outcomes. It…

Logistics 4.0: Smart AI Solutions for an Efficient Supply Chain

The most important thing first: Logistics 4.0 transforms the supply chain through Artificial Intelligence (AI) from a reactive chain into a…

Predictive Logistics: Definition, Methods and Benefits

The most important thing first: Predictive Logistics transforms the supply chain from a reactive cost factor into a proactive strategic asset. Through…

Supply chain consulting: Practical solutions for companies

First things first: In 2026, a resilient supply chain will be the decisive lever for profitability and market power. Professional supply chain...

Data-driven procurement: AI in purchasing thanks to optimised data

First things first: Data Driven Procurement is the foundation for a future-proof supply chain. The use of artificial intelligence (AI) in...

Guided buying: definition, methods and practical examples

First things first: Guided Buying is a software-supported strategy in e-procurement that intuitively guides employees to the right products and preferred...

Spend Analysis in Procurement: Definition, Procedure & Tips

The most important thing first: Spend analysis is the strategic sat-nav for every modern procurement department. It transforms unstructured financial data into spend...

Restructuring in Procurement: Strategies for Companies

Most importantly, the restructuring in purchasing transforms the department from an administrative ordering instance into a strategic value-adding partner. Through the...

Cyber Supply Chain Risk Management (C-SCRM)

The most important points in brief Cyber Supply Chain Risk Management (C-SCRM) is the indispensable strategy for securing modern… in 2026

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