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 ...

Although COVID-19 relief and other federal programs have channeled trillions of dollars into state and local government coffers, inflation and the potential of recession are creating new financial ...

With a renewed focus on “doing more with less,” many organizations are looking to achieve efficiency and effectiveness in their supply chains. A variety of opinions exist on how organizations can ...

For government and private institutions, the COVID-19 pandemic has meant acting quickly—so quickly, in fact, that companies run the risk of inadvertently setting aside traditional risk prevention ...

James Tanzosch, North Carolina chief IT procurement officer, came into his job a little over a year ago. At the time, he contemplated ways to streamline the N.C. Department of Information Technology’s ...

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 ...

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 ...

Acquisition reform has never been a hotter topic than it is now in light of recent budget cuts. A panel led by Lt. Gen. Jeffrey A. Sorenson, USA (Ret.), former U.S. Army chief information officer (G-6 ...