Purchasing materials for manufacturing or goods for inventory is one of the most important functions for a business. A periodic internal audit of the procurement process examines receipts, business ...

Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

Did you know that efficient procurement practices can add to your organization’s competitive advantage? Before I explain how, I want to start out by talking about Porter’s Five Forces of Competitive ...

The processes you use to order merchandise for your company are vital to control risks, prevent fraud, ensure maximum savings and maintain regulatory requirements. You should develop a checklist to ...

Bid protests against a procurement process often center around claims of bias that result in flawed selection decisions. For example, the Government Accountability Office (GAO) put out a report in ...

Government of Alberta departments adhere to the principles of the Procurement Accountability Framework, which reinforces fairness, transparency and integrity in the procurement process. For more ...

Staying ahead in the procurement industry requires embracing new ideas that improve decision-making abilities while also streamlining the operations of a company. Businesses are taking a risk by ...

What many SEOs underestimate when they get into working for an enterprise company is that there is more to the job than just optimizing the website. Most corporations have strict procurement processes ...

Artificial intelligence is a hot commodity, but government agencies need to be cautious about buying it, experts say. The biggest consideration is security. “It’s a challenge. There’s no other way to ...