You can improve business performance by aligning the objectives of purchasing management with your business strategies. At the strategic level, purchasing decisions affect profitability and business ...

Procurement involves identifying and agreeing to terms for the acquisition of goods, services, or works from an external source, often via a competitive bidding process. involving constrained decision ...

Governments buy a lot of stuff. Every year, one out of every three dollars governments spend goes toward purchasing something -- from photo copier ink to new vehicle fleets -- to help provide services ...

In the business world, risk is ubiquitous. Costs rise. Sales slip. Products malfunction. Delivery windows crack. But despite these enduring realities, risk's nature and scope have accelerated in the ...

KALAMAZOO, Mich.—Organizations both large and small will get some much-needed purchasing help thanks to two leaders in supply chain management training joining forces to offer industry-advanced ...

Monitor the flow of events and tasks among project stakeholders, PMs, the procurement management team and subcontractors. Michael Taylor, a project manager with more than 30 years of experience, ...

Inventory and procurement management systems are central to effective cashflow, profitability and customer satisfaction in today’s modern manufacturers. When stock is misplaced, miscalculated or ...

It’s easy to neglect the area of purchasing in your business. Of course you buy goods and services, but you don’t always plan the purchases as well as you could. As a result, you may spend more money ...