Centralizing purchasing becomes increasingly more important the larger a small business grows. Most importantly, a decentralized purchasing structure in which individual departments are responsible ...

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 ...

There are two predominant schools of thought on purchasing practices. Centralized purchasing is managed by an in-house purchasing agent. Project-level purchasing is managed by a project manager and/or ...

The Office of Management and Budget (OMB) has released new guidance in the push to consolidate federal procurement activities. The guidance, which expands on Executive Order 14240, aims to reduce ...

Real estate owners, investors, and the teams entrusted to manage all asset types rely on vendors to keep their operations running. But few give much thought to how those vendors are sourced or held ...

Supply chain professionals have long known that sustainability must be a key piece of their strategy. After the last three years of disruptions, shortages, and instability, the capacity for supply ...

A controversial proposal by Czech Finance Minister Zbyněk Stanjura (ODS, ECR) to introduce centralised purchasing of certain medicines by health insurance companies has drawn criticism from healthcare ...