Spend management

The legal industry relies on clean, actionable and timely financial intelligence on both public and privately held companies. Private company data is not as readily available as public company data, and while information on publicly held companies is easier to…

We published many articles to the LAC Group blog in 2018, and we reviewed our site analytics to see which topics got the most interest across our various managed service areas. Some of them were no surprise—one of our key…

Bracing for the possibility of a hard Brexit (the United Kingdom leaving both the EU and its single market), UK businesses who work with outside suppliers are taking efforts to manage risks related to Brexit uncertainty.   Such efforts include…

Maintenance, repair and operations (MRO) expenses often fly under the radar and for that reason tend to be easily ignored. MRO expenditures are those purchases that fall under the category of indirect spend and include things like cleaning products, safety…

Paper pricing has been steadily increasing, with several upturns in the last 12-18 months, an anomaly for a spend category that has been stable and buyer-driven. We are seeing increases averaging 8-10%, with additional increases as high as 15% pending…

A year ago, amid ongoing challenges—steady declines in comparable-store sales on the retail side and declining sales of core products like computers and paper—Staples agreed to be sold to the private equity firm Sycamore Partners. The transaction, which took place…

What do professional procurement experts know about negotiation strategies that most inexperienced negotiators don't know? We know we will often be faced with tough vendor contract discussions. Everyone knows that if we have a pie sitting in front of us,…

Sourcing at its most basic simply means identifying, locating and working with suppliers. The more ambitious and comprehensive activity of "strategic sourcing" refers to the process of optimizing a company's purchasing to achieve a larger goal. Aligning procurement efforts with…

Long-term trends are slowly and steadily reshaping the enterprise printing and copying industry, with consolidation, tech innovation, changing product/service offerings and new pricing models that have implications for procurement departments and spend strategy. Although the direction is clearly toward a…