Procurement department organizational structures often -- but not always -- reflect the organizational structure of your business. Additional factors, such as communication patterns, the size of your ...

A functional and cohesive procurement policy is vital to improving profitability. While clear standard operating procedures are important, it takes more to create efficiencies. The procurement ...

Sharing information and a focus on synergistic outcomes will lead to better results for your company. Imagine this scenario: You're a custom home builder and a family comes in with specific requests.

When I sit down with procurement leaders, they are often facing the same challenge: Their departments are stuck in a tactical data processing mode with limited resources and increasing ...

Before being processed each payment or commitment to purchase is reviewed by the Purchasing office, and in certain instances the Office of Research Programs (ORP), to ensure that the materials or ...

The bid process is governed by the limits set by the University at which purchasing decisions can be made and executed within a department and when the Purchasing Department is engaged. Departments ...

The scope of procurement extends throughout the entire supply chain, influencing everything from raw material sourcing to final product delivery. Large manufacturers might employ dedicated procurement ...

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 ...