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 ...

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 ...

For many years, companies have been actively investing in procurement automation. It all started with the introduction of specialized software applications for automating internal business processes.

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 ...

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 ...

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 ...

Material procurement explained: Process, strategies, and benefits Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement ...