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 ...

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 ...

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 ...

PANAMA — State officials say Panama Central School needs to tighten its procurement policies. An audit from the state Comptroller’s Office found school officials did not always comply with the ...

The KPMG audit found the council awarded $239.1 million in non-tendered contracts from 2021 to 2023. The audit was commissioned in 2024 as part of the previous council’s long-te ...