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 ...

For every business, accounts payable (AP) is a costly and time-consuming expense. Every organization, no matter how small, has expenses. Processing can be inefficient ...

If you’re a procurement leader, developing improved business strategies should involve advancing technology, increasing digital intelligence, and improving collaboration across in-house teams. Given ...

Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It fluctuates over time due to inflation, deflation and changes in income, directly ...

For many small and medium-sized enterprises (SMEs), public sector tendering represents a significant growth opportunity.

The General Services Administration launched its latest effort to overhaul the federal government technology acquisition process Tuesday with the announcement of its new OneGov Strategy. As part of ...

Companies are always looking for ways to save money. They may have already cut costs in areas like manufacturing and shipping. Now, they're turning to a hidden area where they can save more money ...

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 ...

Procurement is a complex discipline that goes beyond selecting the right products for the right applications. Buyers also have to balance budgets, value, product quality, and delivery times when ...

Leaders must move beyond the notion of agentic AI as merely a technical tool, and recognize its capacity to drive tangible ...

Governments around the world have become increasingly interested in fostering the social economy in order to address pressing social problems. One of the ways to do that is through their procurement ...