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Category: Procurement

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Is Your Network Protected? Cyber Crime in the Age of Information

Is Your Network Protected? Cyber Crime in the Age of Information

Within the last four years, online security and data breaches have grown increasingly threatening, compromising big name companies such as Target, Home Depot and Sony Corporation. Yahoo became the most recently identified victim of a major hacking in mid- December of 2016, although the breach dates back as far as 2013. The attack compromised 1.5 […]

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Four New Years Resolutions for Businesses in 2017

Four New Years Resolutions for Businesses in 2017

A New Year brings a fresh start, and with it the chance to improve efficiency and productivity in 2017. But making New Year’s resolutions is not something limited solely to individuals; businesses can stand to benefit from making smart goals too. While about 36.0% of New Year’s resolutions are kept for less than a month, […]

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Five Emerging Markets to Watch in 2017

Five Emerging Markets to Watch in 2017

With 2017 fast approaching, IBISWorld has identified products and services that businesses should watch due to demand growth and rising regulatory change. These newly emerging technology products and services are less than a decade old and are quickly entering the mainstream. Emerging markets generally face significant regulation due to uncertainty surrounding the affect that these […]

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Spend Smarter This Holiday Season

Spend Smarter This Holiday Season

Holiday sales are expected to reach a stunning $630.5 billion in 2016, up 3.7% from last year, according to the National Retail Federation. But between the upcoming holiday season and the end of the fiscal year, retailers and consumers aren’t the only ones gearing up for serious seasonal spending. Businesses of all kinds are preparing […]

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Against the Odds: Negotiating in 7 Difficult Markets

Against the Odds: Negotiating in 7 Difficult Markets

Procurement today involves regularly changing landscapes, fluctuating commodity costs and increasing globalization. While these factors have the potential to create a buying environment where procurement professionals benefit, they can also negatively affect how much power buyers have when everyone sits at the negotiation table. A market with a low buyer power score indicates that buyers […]

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Markets to Watch When the Weather Outside is Frightful

Markets to Watch When the Weather Outside is Frightful

Each year, businesses must cope with the rain, snow and ice that winter brings. Harsh conditions can all lead to problems that affect a business’ ability to carry out their operations. The 2017 Farmer’s Almanac projects that the 2016 to 2017 winter will be exceptionally cold and frigid, bringing considerable levels of snowfall, particularly to […]

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Bankruptcy Woes: Hanjin Makes Waves Across the World

Bankruptcy Woes: Hanjin Makes Waves Across the World

The world’s seventh-largest deep sea cargo transportation carrier, Hanjin Shipping, filed for court receivership — a form of bankruptcy protection — on August 31 and chaos has promptly ensued. While the situation is still developing, the ripple effects and atmosphere of uncertainty have already affected a number of businesses and markets across the globe. The […]

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The Highs & Lows of Extreme Price Volatility

The Highs & Lows of Extreme Price Volatility

Steep price fluctuations in a market expose buyers to a variety of risks that can affect their purchasing power. Sudden price shifts, driven by factors such as volatile input costs or demand, complicate negotiations, lead to supply disruptions and make it difficult for buyers to budget for future expenses. High price volatility is not unique […]

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Teaching & Learning: The Rise of Technology in the Classroom

Teaching & Learning: The Rise of Technology in the Classroom

Elementary and secondary educational institutions face a significant level of financial uncertainty. Education tends to be one of the first budgets to get cut at the state and local levels, and even with federal education funding initiatives, many school districts struggle when deciding what to prioritize and where to make sacrifices each year. Yet despite […]

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Cybersecurity: Shielding Company Data from Attacks

Cybersecurity: Shielding Company Data from Attacks

Ransomware is the latest incarnation of the growing number of potential cyber threats. This threat is utilized by cyber attackers to gain control of a company’s key data and network privileges. The attackers then withhold access from the company, demanding a ransom to restore access. According to Symantec Security Response, about four times as many […]