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 General Services Administration’s ongoing work to take on substantially all of the government’s purchasing of what it calls “common goods and services” is not too different from how retail giants ...

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 ...

NEW DELHI: Goods and services worth Rs 1 lakh crore are expected to be procured from the public procurement portal GeM in 2021-22, a senior official said on Wednesday. The Government e-Market (GeM) ...

New Delhi: After a gap of almost 10 years, the finance ministry has revised the manual for procurement of goods by the government in consonance with the principles of transparency and economy and ease ...

Various government organisations procure a wide variety of goods and services and undertake execution of works in keeping with their duties and responsibilities. After a gap of almost 10 years, the ...

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 ...

Concur Travel and Expense (T&E) system is a comprehensive web-based tool that integrates travel request and expense reporting with a complete travel booking solution. Concur has 3 Modules: Request — ...

The Commerce ministry has launched an e-marketplace for online purchase of goods and services by various central government ministries and departments. The department, which is under the Commerce ...

To ensure there is no shortage of medicines in state-run hospitals, the Maharashtra Drugs Procurement Authority has decided to close the tendering process once and for all as it has been allegedly ...