Measuring the performance of the purchasing department is a basic and crucial task for any management team. The purchase of raw materials and equipment is the lifeline of a business, and savings in ...

Procurement department organizational structures often -- but not always -- reflect the organizational structure of your business. Additional factors, such as communication patterns, the size of your ...

Sharing information and a focus on synergistic outcomes will lead to better results for your company. Imagine this scenario: You're a custom home builder and a family comes in with specific requests.

Question: What are some good metrics to measure the effectiveness and performance of the purchasing department? Answer: This is a great question that I plan to answer in what will likely become a ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

In the world of purchasing and procurement, it’s tough to teach the old guard new tricks. Coughlin knows a thing or two about negotiating contracts. On average, he negotiates 50 contracts a year with ...

The purchasing area within Facilities Management completes all purchasing for the Facilities Management Department and, on occasion, for other departments as well. Facilities Management maintains its ...

The bid process is governed by the limits set by the University at which purchasing decisions can be made and executed within a department and when the Purchasing Department is engaged. Departments ...

Small Dollar Purchases (less than $5,000.00): Purchases of supplies and services, less than $5,000.00, shall be made using the most effective and efficient means available, while maintaining adherence ...