Organisation-wide purchasing is often the responsibility of the procurement team with the business reliant on them to source the right goods and services at the best price. But different departments within an organisation will often have very specific and specialist requirements and there are significant merits in empowering selected personnel to source exactly what they need, when they need it.

Price optimization is the next frontier on the retail battle lines, with Walmart and Amazon waging a fierce battle to best each other on price. It's a fight that Amazon is winning thanks to its pricing strategy, according to the Price Perception Index (PPI) for digital retail.

We've heard it before: manufacturing is leaving China and coming back to the West. But the reality isn't that simple.

For the last 50 years, the world economy has benefited from a demographic boom that has contributed 1.8 percent to average annual global GDP increases, helping to generate an unprecedented level of growth. This demographic headwind is coming to an end.

Three transportation industry groups, with support from the U.S. Federal Highway Administration, have formed the National Operations Center of Excellence.