Purchasing materials for manufacturing or goods for inventory is one of the most important functions for a business. A periodic internal audit of the procurement process examines receipts, business ...

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 ...

Procurement professionals are always juggling many balls in the air. They are chasing budgets, they are chasing deadlines, and they are required to adhere to a complex web of regulations. Given the ...

APQC released the results of its latest study, Supplier Category Management: Driving Value Through the Procurement Process. Audit, tax, and advisory services provider KPMG LLP served as the research ...

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 ...

Set against a challenging timeframe, the State of Oklahoma faced a large - and potentially expensive - challenge in 2023: audit the procurement practices of all 118 state agencies within six months.

Maryland lawmakers say state contracting is poised to be a top issue in the 2026 legislative session, after a review found that more than 40 state government entities operating outside the usual ...

SACRAMENTO, Calif. (CN) — California’s state auditor released a report Tuesday on the Judicial Council’s procurement process, giving it a general clean bill of health but singling out three issues it ...