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 ...

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 ...

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 ...

SARATOGA SPRINGS, N.Y. (NEWS10) — New York State Comptroller Thomas DiNapoli has released an audit on the New York Racing Association’s (NYRA) purchasing and procurement practices. The audit found ...

MassDOT's board awarded a contract to redevelop and run 18 services plazas across the state to Irish retailer Applegreen in June. The company has since backed out of contract talks. Inspector General ...

The KPMG audit found the council awarded $239.1 million in non-tendered contracts from 2021 to 2023. The audit was commissioned in 2024 as part of the previous council’s long-te ...

ALAMOGORDO – The Alamogordo Public School district accepted their regular 2018 audit at their regular meeting Wednesday night. All public entities are required through state statute to conduct an ...

Material procurement covers the entire process from need identification through receipt and payment for goods, including supplier management. Sourcing focuses on identifying, vetting, and establishing ...