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

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. It is key to note that the procurement ...

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.

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 ...

Over the years I have been fortunate to collect a wealth of both academic knowledge and professional experience in sourcing management. I have witnessed how the perception of procurement contribution ...

The procure-to-pay process is essential to businesses because it encompasses the processes of purchasing goods and services, receiving them and then paying for them so that an organization can in turn ...

In our first post on the this topic, we highlighted the implications of the $62-billion U.S. government program to incentivize utilities to embrace best practices for streamlining procurement ...

When you think of Coca-Cola, what comes to mind? A caramel-colored carbonated beverage that provides you with a pause that refreshes during work and play? Or perhaps it’s that uniquely shaped bottle ...