70% of product costs get locked in before procurement is even involved. That stat from a University of Tennessee report should be a wake up call. Because if procurement is only invited in at the end, they’re being asked to fight a cost battle that’s already mostly decided. And it’s not fair to expect “savings” downstream when the biggest levers were pulled upstream.

Epic week in Silicon Valley with our Infinity Loop team at the Plug and Play Tech Center Fall Summit! It was an incredible few days surrounded by founders, investors, and corporate leaders all focused on accelerating innovation. A few key takeaways:

Data is the lifeblood of any procurement department. From assessing the viability of potential third-party vendors to helping their organization find areas to reduce costs, all the information procurement teams need to make smarter decisions exists in a variety of disparate locations. This has always been the case. In fact, 64% of procurement decision-makers cite data analytics as the key to making operational enhancements, accord...

I’ve been involved in thousands of contract negotiations throughout my career – first as a consultant and then as leader on a procurement team. I’ve seen many negotiations struggle under the weight of manual labor, inaccessibility to global benchmarks, and human error. I’ve seen consultants rack up hundreds of thousands of dollars in bills, sometimes without finding much in the way of savings.

Economic downturns are challenging for businesses, both big and small. With reduced demand, changing consumer behaviors, and an uncertain future, companies need to be proactive in their strategies to remain afloat. One of the most pressing concerns during such times is managing and reducing expenditure. We here at Infinity Loop are former consultants and here’s how we’ve trimmed costs without compromising on value:

Imagine procurement as a hidden battlefield of business, where every negotiation is a high-stakes duel that can spell triumph or disaster for a company’s bottom line. It’s a world where clinging to bygone tactics doesn’t just dent profits — it can capsize them. Current data throws a harsh spotlight on the silent financial leaks caused by outdated procurement processes, illuminating a path not just to stop the bleeding but to turn neg...

Vendor contract negotiations play a critical role in business operations, impacting cost and efficiency. For buyers, achieving a favorable contract requires a structured approach. This guide provides the essential steps to ensure mutually beneficial terms and foster long-term vendor relationships. If you’re on the buy side, this guide will help you gain an edge and come out on top. Let’s get started!

In today’s dynamic business landscape, where every function is scrutinized for value generation, procurement stands out as a silent powerhouse driving financial success. Often relegated to the background, efficient procurement negotiations can be the unsung hero, quietly amplifying profit margins, reinforcing supplier relationships, and strategically placing companies a step ahead of their competition.