Every aspect of your business can benefit from being reviewed and evaluated from time to time. Procurement is no different. Yet too often this function is overlooked when it comes time for reviews.

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 ...

When it comes to financial management, companies are forever walking the line between giving finance teams complete control and visibility over spend and allowing employees to move quickly without ...

What are the most common types of procurement? Procurement stands as one of the most influential business functions in modern organizations, directly impacting both financial performance and ...

In my last post, I talked about three key areas of the procure-to pay-process. Now I would like to dig a little deeper into the first of those Ps — the procuring part. Your procuring/purchasing ...

Centralizing purchasing becomes increasingly more important the larger a small business grows. Most importantly, a decentralized purchasing structure in which individual departments are responsible ...

Ask almost any chief procurement officer (CPO), and, more than likely, they’ll shruggingly admit that procurement—that business-critical function of sourcing and paying for goods and services—is far ...

THE major weakness in developing countries is the lack of procurement capacity. Procurement, together with engineering, are the oldest professions dating back to the first century. Unlike engineering ...

The evolution of the procurement function from a peripheral role to a more strategic one is helping unlock its full value in companies and organisations. Previously, the procurement function primarily ...

One role of public procurement office often compromised due to its many interpretations is the monitoring function. Monitoring is often associated with control and thus making monitoring ...