Centralizing purchasing becomes increasingly more important the larger a small business grows. Most importantly, a decentralized purchasing structure in which individual departments are responsible ...

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 ...

There are two predominant schools of thought on purchasing practices. Centralized purchasing is managed by an in-house purchasing agent. Project-level purchasing is managed by a project manager and/or ...

"We have to look at every penny that we’re spending through centralized procurement," Ketron said. County Finance Director Lisa Nolen and others question if another level of centralized purchasing is ...

Who said change is a bad thing? When it comes to supply chain purchasing, healthcare has become the picture of efficiency. A flurry of mergers and acquisitions among U.S. hospitals and health systems ...

Northwestern University supports a procurement environment based on the understanding that departments and schools are in the best position to determine what they need to run their programs. Policies, ...