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 ...

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 ...

The Procurement Planning and Logistics course at the University of The Bahamas, which I facilitate, is coming to an end soon and we are in the final stages of one of the modules, purchasing and supply ...

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 ...

The new centralized procurement body, formed under the State Agency for Restoration and Infrastructure Development (Restoration Agency), will cooperate with the Ministry for Communities, Territories, ...