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 ...

Procurement functions as the critical interface between an organization and its external resource providers. The process involves identifying needs, evaluating potential suppliers, negotiating terms, ...

Editor’s note: This article was updated at 4:10 p.m. State Auditor Doug Hoffer answers lawmakers questions in April on his audit of Vermont Health Connect. File photo by Morgan True/VTDigger [T]wo ...

The expanding scope of fintech has been well documented in these digital pages. Payments, investing, financial planning and lending often spring to mind as “classic” fintech startups, but other ...

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

LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement intelligence advisory firm, has launched three procurement research reports on the professional services category. To help clients understand ...

The Los Angeles City Council voted unanimously on Wednesday to request an audit of its commodity procurement process, citing a need to ensure the city receives the most optimal prices for purchased ...