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 purpose of this policy is to maintain strong business practices, ensure compliance with regulatory requirements and promote the best possible value in the sourcing of products and services at the ...

Did you know that efficient procurement practices can add to your organization’s competitive advantage? Before I explain how, I want to start out by talking about Porter’s Five Forces of Competitive ...

Procurement ensures companies secure needed goods/services efficiently. Well-organized paperwork aids in tracking costs and maintaining supply. AI is increasing efficiency in procurement processes, as ...

The purpose of this document is to clarify the roles and responsibilities of RIT departments involved in the supplier contract review process including the department procuring the goods or services, ...

Stefan Pollack is president of The Pollack Group and an adjunct professor at the USC Annenberg School for Communication and Journalism. The request for proposal (RFP) process is designed to ensure ...

While the Payment Request process is appropriate for the payment of invoices for some services, and the Corporate Card is an appropriate alternatives for some purchases, this is a reminder that most ...

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 ...