All posts in Procurement Trends

What is a Purchase Order, and How Does it Work?

A purchase order (PO) is a commercial document and first official offer issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from external suppliers. The purchasing process starts with a need. That need should be verified. The item requirements are checked and noted the PO.…

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Weeding Out Non-Compliant Suppliers

So, one of the seemingly unstoppable trends in the United States today is the increasing legalization of marijuana. Per an article on Wikipedia, as of today, 31 of the 50 United States have legalized marijuana for medical use.  Furthermore, nine states have legalized marijuana for recreational use. Yet, some organizations do not honor the legality of marijuana at the state level.…

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