procurement

Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement generally involves making buying decisions under conditions of scarcity.

(source: en.wikipedia.org)

Defense Firm Charged in Procurement Scam
Defense Firm Charged in Procurement Scam
October 31, 2014  |  B2B Payments

A Virginia-based company with defense and intelligence agency contractor is facing criminal charges in connection to payments made to a reportedly corrupt Army procurement official....

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Why Startups Need To Worry About Procurement Practices
Why Startups Need To Worry About Procurement Practices
October 28, 2014  |  B2B Payments

When on the verge of radically disrupting a market ecosystem and earning billions by shining the light of innovation down on the masses, it can...

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North American B2B Procurement Inefficiencies Cost $1.5 Billion/Year
North American B2B Procurement Inefficiencies Cost $1.5 Billion/Year
October 16, 2014  |  B2B Payments

Although the concept of B2B procurement systems is to sharply increase productivity, that’s doesn’t seem to be how it’s working out. Barely 28 percent of...

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Where The CPO And CFO Don’t Meet
Where The CPO And CFO Don’t Meet
September 18, 2014  |  B2B Payments

Procurement specialists within B2B and other companies drive considerable value for their organizations, especially when they do a good job controlling spending and manage supplier...

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Baltimore City Council President Wants Procurement Review
Baltimore City Council President Wants Procurement Review
September 17, 2014  |  B2B Payments

Bernard C. “Jack” Young, president of Baltimore’s city council, reportedly has asked the council to review the city’s centralized CitiBuy procurement system, which was used...

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Putting Suppliers In The Buyer Value Chain
Putting Suppliers In The Buyer Value Chain
September 15, 2014  |  B2B Payments

More and more food, grocery and consumer-goods retailers are finding success in using online channels to grow sales, and many are turning to their suppliers...

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Where AP And Procurement (Should) Collide
Where AP And Procurement (Should) Collide
August 21, 2014  |  Alternative Finances

A new report points to a problem within many enterprises, where accounts-payable and procurement teams, while often having similar goals, generally don’t work with one...

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When Suppliers Turn Into Lenders
When Suppliers Turn Into Lenders
June 16, 2014  |  B2B Payments

Payments terms as long as 160 days? Don’t laugh. It’s what some suppliers in the events sector are being asked to accommodate, basically becoming lenders...

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New B2B Cross Border Payments Innovations
New B2B Cross Border Payments Innovations
April 07, 2014  |  B2B Payments

The e-commerce company runs proprietary technology allowing retailers to interact with customers all over the world and handles logistics like carrier management and customs compliance....

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