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 ...

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 ...

Low bid. These two words can, for some, be the beginning of a purchasing process that’s filled with frustration and disappointment, given the many variables that are involved in apparatus procurement.

Many procurement teams are still throttled by the outmoded tools, communication methods and spreadsheets that they’ve been using for decades. In the race to digitalize their operations and do more ...

Paper-based procurement has long been the way governments operate, and it does help ensure security and compliance. But it ...

Maintaining an efficient and effective procurement process plays an essential role in meeting the operational and financial needs of the University. The Office of Strategic Procurement facilitates ...

For an industry where the purchasing process was long defined by showrooms, a handwritten number slid across the desk and multiple back-and-forths with “the manager,” this data makes one thing ...

Material procurement covers the entire process from need identification through receipt and payment for goods, including supplier management. Sourcing focuses on identifying, vetting, and establishing ...