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 ...

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 ...

Procurement professionals are always juggling many balls in the air. They are chasing budgets, they are chasing deadlines, and they are required to adhere to a complex web of regulations. Given the ...

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 ...

A crucial part of the University’s Procurement Card program is the ongoing auditing feature. Virtual audits are conducted on an annual basis. This ensures that all cards are used for authorized ...

A recent audit by the Oregon Secretary of State’s office shows that adoption of a statewide e-procurement system could have potentially saved more than a billion dollars if it had been in use during ...

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 ...

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 ...

A Tallinn audit, which examined procurements for benches and outdoor toilets, revealed that product descriptions in the urban furniture tender were based on items sold by specific companies.