The developed world sends billions and trillions of dollars to foreign governments each year in the form of aid. In the past, these funds were often reinvested back into the donor country through trade and public procurement programs. Today’s world leaders are working to change that.
Auditors are very important to the procurement process. They play a big role in preventing fraud and ensuring proper spending. Most auditors have skills that are quite beneficial to the procurement process, but how involved should they be in making decisions and policies?
As 2012 comes to a close, business owners and supply chain managers are preparing for the year ahead by examining their current strategies and forecasting their success in 2013. The supply chain and its importance continue to gain deserved attention. These are the most promising SCM trends for 2013.
The average modern business spends most of their IT budget on simply maintaining their network, leaving only a small amount available for upgrades and innovations. With the rate of advancements in technology, keeping up isn’t always easy. Many companies are turning to cloud computing for a cost-effective solution.
Since the début of the first Mac desktop in 1984, PCs have steadily gained favoritism among consumers over Macs. In 2004, there were about 55 times as many PCs sold than Apple computers. Macs begin to gain more acceptance around this time, but it wasn’t until the launch of the iPhone in 2007 when the…
Within the last decade, the corporate world has finally given supply chain management the attention it deserves. Experts have recognized the integral role the supply chain plays in daily operations and, ultimately, the overall success of a business. Ideally, supply chain management is a seamless collaboration between every department within a company. Supply chain policies…
One of the biggest debates in the world of supply chain management is whether it’s better to centralize or decentralize procurement and logistics operations. Greenland Contractors, in charge of daily operations at Thule Air Base, entered a partnership with Arctic Import of North Denmark that will streamline their contracts.
“Vast amounts of money, combined with a secretive purchasing process, can be a formula for corruption.” Zachary Mehan, a communications assistant at the Transparency International Defence and Security Programme, made this statement in reference to government defence procurement, but it can easily refer to all sectors of the procurement industry.
The Columbia Pike streetcar project was the focus of many debates among residents and officials in Arlington, VA when it was first proposed. The $249 million transit system will offer transportation between Bailey’s Crossroads in Fairfax and Pentagon City. With the project approved, the next step was to begin the procurement process. Rather than the…
The biggest challenges that government procurement agencies face at any level are corruption and discrimination. On a global level, transparency and fairness standards are even harder to agree upon. The World Trade Organization created the first Agreement on Government Procurement in 1981 to make a set of globally accepted rules for international procurement.