The past year’s economic volatility forced business leaders to shift strategies and reduce spending while simultaneously seeking new paths to profitability. In particular, according to a Gartner ...

Bid protests against a procurement process often center around claims of bias that result in flawed selection decisions. For example, the Government Accountability Office (GAO) put out a report in ...

Procurement remains a primarily manual process, with eight in 10 requests for proposals still taking place via emails and spreadsheets, according to Globality. The enterprise artificial intelligence ...

Most procurement professionals during challenging times would file the procurement procedure book in the round file cabinet and resort to a more “hand-to-mouth” strategy, but your procurement process ...

Even small purchases for your company can add up to large amounts of wasted spending. You buy equipment cheap, and it breaks overnight. Someone orders fluorescent lightbulbs when you needed LEDs.

For many years, companies have been actively investing in procurement automation. It all started with the introduction of specialized software applications for automating internal business processes.

Artificial intelligence is a hot commodity, but government agencies need to be cautious about buying it, experts say. The biggest consideration is security. “It’s a challenge. There’s no other way to ...

Purchase orders (POs) are one of the most routine activities in procurement. Yet APQC benchmarking data shows that organizations spend anywhere from $14 to more than $54 to process a single purchase ...

The purpose of this document is to clarify the roles and responsibilities of RIT departments involved in the supplier contract review process including the department procuring the goods or services, ...