Companies are not simply independent self-sufficient organizations—they rely on goods and services from third-party vendors. Every business is built on these essential relationships. After all, how else could a company offer their products and services?  The procurement process has quickly become a hot topic for professionals in growing organizations. Better procurement strategies result in a…

Buying goods and services is usually an easy process for an individual. But for a business—purchasing those same goods and services can be a lot more complicated.  Finance departments have to deal with large quantities of cash and supplies. They have to manage multiple vendors and make serious budgetary decisions every day. And these decisions…

Procurement is a multistep process that can be somewhat nuanced depending on the different organizations or teams relying on it. What everyone will encounter though, is the receival of goods or services from vendors – that is, the actual procurement of something the company needs in order to benefit its product or its employees. Understanding…