Procurement ensures companies secure needed goods/services efficiently. Well-organized paperwork aids in tracking costs and maintaining supply. AI is increasing efficiency in procurement processes, as ...

“Where procurement is going next” found that companies excelling in procurement had digital capabilities maturity scores 40% higher in strategy, digital and data/analytics compared to average ...

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. The Deh Cho Bridge ...

What are the most common types of procurement? Procurement stands as one of the most influential business functions in modern organizations, directly impacting both financial performance and ...

A Chief Procurement Officer (CPO) oversees the acquisition of goods and services. Think of the CPO as the ultimate authority of how goods and services are bought in accordance with the company’s risk ...

The B-BBEE Codes are published under the BEE Act and detail how B-BBEE must be measured in South Africa. In assessing B-BBEE, a scorecard approach is used, with the five elements of B-BBEE (ownership, ...

The Procurement Service is thrust into the spotlight over irregularities raised by the Commission of Audit. But what does the agency do? Yes, it could do that. But not all the time. The PS-DBM or the ...