With 2023 well underway, an uncertain economic landscape is prompting business leaders to carefully assess their budgets and reduce spend wherever possible. However, many businesses today lack ...

Hurricane Katrina changed the way Benny Smith buys energy. Until Hurricanes Katrina and Rita hit the Gulf Coast back-to-back two years ago, Smith, director of maintenance at the 116-unit Price Chopper ...

A recent Technology & Construction Court’s judgment considers the procedural time limits that apply in procurement litigation. The question of timing in bringing a claim in procurement challenges is ...

In advance of the ANA's upcoming Advertising Financial Management Conference in Orlando, I had a wide-ranging conversation ...

Nearly every company is involved in some form of digital procurement transformation. But how many are actually seeing it pay off? According to research by Bain & Company, only 8% of global companies ...

According to Brett Fultz, director of global analytics, global procurement and supply chain at Coca-Cola, artificial intelligence (AI) and machine learning tools have become indispensable in order to ...

LONDON--(BUSINESS WIRE)--Food and beverage procurement is a complex task that involves balancing numerous suppliers and relationships. The procurement process is crucial; it’s where substantial ...

Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It fluctuates over time due to inflation, deflation and changes in income, directly ...

THE signing on July 20, 2024 of Republic Act 12009, or the New Government Procurement Act (NGPA), marks a significant step in reforming the bureaucracy's procurement system. The law will address ...