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 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 ...

These purchases have to satisfy a published set of conditions. Purchasing decisions have to be made on the basis of value for money. They require a competitive, open and fair procedure. But apart from ...