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 General Services Administration’s ongoing work to take on substantially all of the government’s purchasing of what it calls “common goods and services” is not too different from how retail giants ...

Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It fluctuates over time due to inflation, deflation and changes in income, directly ...

NEW DELHI: Goods and services worth Rs 1 lakh crore are expected to be procured from the public procurement portal GeM in 2021-22, a senior official said on Wednesday. The Government e-Market (GeM) ...

New Delhi: After a gap of almost 10 years, the finance ministry has revised the manual for procurement of goods by the government in consonance with the principles of transparency and economy and ease ...

According to Brett Fultz, director of global analytics, global procurement and supply chain at Coca-Cola, artificial intelligence (AI) and machine learning tools have become indispensable in order to ...

CHENNAI: The procurement of goods and services through Government-e-Marketplace (GeM) platform has doubled in the current 2023-24 financial year till March 28, 2024 as against last fiscal by crossing ...

The Commerce ministry has launched an e-marketplace for online purchase of goods and services by various central government ministries and departments. The department, which is under the Commerce ...