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 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 ...

For transit agencies, procurement can be one of the most challenging and transformative processes in any capital or technology project. The stakes are high. Decisions made during ...

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 ...

An open competitive procurement process ensures fair and ethical treatment of bids from suppliers. The traditional competitive procurement process allows all interested parties to submit a bid for a ...

Low bid. These two words can, for some, be the beginning of a purchasing process that’s filled with frustration and disappointment, given the many variables that are involved in apparatus procurement.

The ultimate goal of a business procurement team is to save money. This typically results from negotiating better rates with suppliers or developing broader strategies to reduce spend like making ...

Maintaining an efficient and effective procurement process plays an essential role in meeting the operational and financial needs of the University. The Office of Strategic Procurement facilitates ...

Acquisition reform has never been a hotter topic than it is now in light of recent budget cuts. A panel led by Lt. Gen. Jeffrey A. Sorenson, USA (Ret.), former U.S. Army chief information officer (G-6 ...