Local governments are under significant fiscal pressure due to rising inflation, deferred maintenance and infrastructure investments, staffing shortages, and constituent demands for digital services.

Spencer Penn is Co-Founder & CEO of LightSource, an AI-powered strategic sourcing platform. He was named to Forbes 30 Under 30. The term "AI" is everywhere, but for strategic sourcing and procurement ...

Maintaining an efficient and effective procurement process plays an essential role in meeting the operational and financial needs of the University. The Office of Strategic Procurement facilitates ...

="margin-bottom:8px">In the current environment of business uncertainty, CFOs can be sure of one thing—cost savings will remain a critical focus. However, achieving sustainable cost reductions ...

While small businesses have grown by 27.5% nationwide, many are finding that their procurement functions are stagnating. But this isn’t a reflection on the employees responsible for purchasing or of ...

Members from Amtrak police, Transportation Security Administration and local law enforcement agencies participate in Operation RAILSAFE at Washington, D.C.'s Union Station on Sept. 3, 2015. (Official ...

According to Deloitte’s Global Chief Procurement Officer Survey, 61 percent of procurement leaders delivered a better year-over-year savings performance in 2017, yet only one in four believe they’re ...

Opinions expressed by Entrepreneur contributors are their own. Strategic planning is an organization’s process of defining its strategy or direction and making decisions on allocating its resources to ...

A business needs to have both a strategic plan and a budget. The strategic plan lays out the direction and goals of the business and guidelines for actions to achieve those goals, while the budget ...

Developing strategies for how a business will use its money, materials and people to accomplish its goals is part of starting and running a business. Within the strategic planning process, a ...