3/8/2024

From sourcing raw materials to ensuring compliance with safety regulations, procurement professionals in the chemical industry face a myriad of challenges and opportunities…

3/8/2024

Predictive procurement, while promising significant benefits, encounters formidable challenges that demand strategic attention and proactive solutions…

3/1/2024

In the procurement world, RFX stands for 'request for X', where 'X' can represent a variety of requests - from proposals (RFP) to quotations (RFQ) to information (RFI), and more…

2/29/2024

Procurement analytics — a powerful toolset that empowers organizations to gain insights, optimize processes, and make data-driven decisions across the procurement lifecycle…

2/21/2024

Understanding the key procurement categories in this industry is crucial for streamlining supply chains, reducing costs, and maintaining quality standards.

2/20/2024

Structuring a BOM is useful not only for procurement and production planning, but also for keeping a firm grip on inventory management and cost estimation…

2/20/2024

NPI ensures that new products don’t just meet design standards but are also practical for mass production…

2/15/2024

In today's rapidly evolving business environment, the adoption of sourcing software has become a critical factor in maintaining competitive advantage…

2/15/2024

Integrating different software systems is all about making them work together smoothly and more effectively. For sourcing software, integrations mean that different systems can share data, talk to each other, and work as a team…

2/14/2024

By embracing an iterative approach to RFP management, companies can stay ahead in a rapidly changing business landscape…

1/31/2024

In today's competitive business landscape, where efficiency and cost-effectiveness are paramount, strategic sourcing emerges as a critical process…

2/14/2023

Given this post goes live on Valentine's Day, let's talk relationships. There are a lot of ups and downs in relationships. Couples try to…

2/6/2023

Indirect procurement is underloved in the sourcing world. Direct is big spend, highly-strategic, and ... sexy -- if you can call it that. By…

1/23/2023

When my dog was sick, the vet prescribed her some medication. We were instructed to mix the pills in with her food every night. The only…

1/13/2023

There are a few key ways in which procurement professionals can maximize the benefits of e-sourcing software: Use the software to automate…

12/5/2022

PDF version No – there isn’t a silver bullet, but in this article we detail a few approaches our customers have used to achieve impact…

11/1/2021

"Working at Tesla is the hardest job you're ever going to have." This is the kind of thing I heard all the time from tenured employees when…

11/1/2021

While there is no single definition, this felt like a pretty good one: The overly simplistic view of "supply chain" is it's just the flow…

10/31/2021

TLDR: Direct Procurement: things a company buys to put into a product it sells to customer Indirect Procurement: things a company buys to…

10/18/2021

Everybody knows the old adage: "You are what you eat." The same is true for supply chain. If your suppliers are unhealthy, your business is…

10/16/2021

Let's say you're a buyer, and just found a great seller, negotiated a price, and shook hands. Success! Now what? "Are you going to ship? Or…

10/16/2021

Have you heard of "3-Bids and a Buy"? It's a simple and classic approach to purchasing. It's quick and gets stuff done. A procurement…

10/14/2021

Procurement doesn't usually get the credit it deserves. Sales gets all the glory. When a sales person closes a new contract, it's high-fives…

10/12/2021

This post is extremely short, and captures a simple trend in software while explaining why LightSource feels like such magic. There are…

10/8/2021

If there’s one thing we’ve learned from this year it’s: Supply Chain is hard. Indeed, we’d make the argument that supply chain management is…

10/4/2021

Our mission At LightSource, our mission is to “illuminate the global supply chain”. To achieve this vision, we build software to help…