Procurement functions as the critical interface between an organization and its external resource providers. The process involves identifying needs, evaluating potential suppliers, negotiating terms, ...

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 ...

Truck drivers represent a significant risk factor in warehouse operations, with the potential to cause property damage or injure themselves, which could lead to legal action against the company.

Humans have been fascinated with automation since the Dark Ages. The first major step toward automation in human history was the invention of the wheel, which enhanced transportation in a way that was ...

Purchasing is responsible for the procurement process. This means it ensures the supply of goods, production materials and equipment so that a smooth production and sales process can take place. For ...

A biased bid selection process represents one of the biggest threats for procurement officials. Such bias leads to a bad selection decision for a government contract, wasting taxpayer money. Moreover, ...

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 ...