Increasingly today, the work of a CFO has become much broader in the corporate world. They are often looked to by CEOs and other members of higher-management as a resource for information and assistance with other company-wide issues. Finding opportunities and figuring out profitable ways to use corporate finances is an important and vital part…
The ability to outsource specific tasks is a big help in many industries, but when it comes to procurement and supply chain management, is outsourcing really a worthwhile solution? Procurement outsourcing is beneficial, but also has disadvantages. It’s important to know a bit more before you decide to outsource.
Corruption and scandal are common in Miami Beach. Not even the local government can escape the temptation, particularly those in the procurement department. City officials arrested former procurement chief, Gus Lopez, last month on charges of bid tampering, illegal compensation, and racketeering.
The procurement industry is full of its share of headaches. Individuals working in supply chain management are faced with challenges everyday. You’ll find the biggest obstacles discussed below, along with tips to overcome them.
Information and communication technologies are vital to today’s government agencies, but the cost of ICT procurement is a sore point for Australian finance officials. According to a recent analysis of overall spending in New South Wales, ICT products alone account for over $2 billion each year, leading to several recommendations for budget cuts.