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 ...

Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

In 2023, Oklahoma’s Office of Management and Enterprise Services (OMES) took a major step toward modernizing its procurement oversight, implementing a process intelligence platform from Celonis. Since ...

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

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 ...

Maryland lawmakers say state contracting is poised to be a top issue in the 2026 legislative session, after a review found that more than 40 state government entities operating outside the usual ...

PANAMA — State officials say Panama Central School needs to tighten its procurement policies. An audit from the state Comptroller’s Office found school officials did not always comply with the ...

MARYLAND (WBFF) — A new state audit is raising serious questions about how Maryland spends and oversees taxpayer dollars, finding tens of millions of dollars were wasted on a procurement system that ...

Massachusetts State Auditor Diana DiZoglio has issued a new report on contracting and procurement related to the commonwealth’s emergency shelter system. The audit finds that the Executive Office of ...