Governments are prioritizing domestic defense production to strengthen supply chain resilience, reduce foreign dependence, ...

MANILA, Philippines — The Department of Trade and Industry (DTI) is set to release on Dec. 4 the list of Philippine products and services to be given preference in government procurement as part of ...

STAMFORD, Conn., April 28, 2025--(BUSINESS WIRE)--Enterprises are expanding procurement strategies beyond cost reduction, seeking to optimize processes and reduce time to market, according to a new ...

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 ...

A few weeks ago, President Cyril Ramaphosa passed into law the public procurement bill, ushering in a new era for South Africa’s procurement landscape. The Public Procurement Act (PPA) offers sweeping ...

="margin-bottom:8px">In the current environment of business uncertainty, CFOs can be sure of one thing—cost savings will remain a critical focus. However, achieving sustainable cost reductions ...

Why should procurement be a big deal in business? Isn’t it just the act of obtaining the raw materials that go into our products and offering our services? Procurement isn’t about getting stuff. It’s ...

While small businesses have grown by 27.5% nationwide, many are finding that their procurement functions are stagnating. But this isn’t a reflection on the employees responsible for purchasing or of ...

Since 2020 and the arrival of the COVID-19 pandemic, we’ve all experienced how an unexpected event can have long-lasting impacts on operations worldwide. One of the biggest ongoing impacts of the ...