How can you verify that your team is following procurement best practices?
Procurement is the process of acquiring goods and services from external sources for your organization. It involves planning, sourcing, negotiating, contracting, and managing suppliers and contracts. Procurement best practices are the guidelines and standards that help you ensure quality, efficiency, compliance, and value for money in your procurement activities. But how can you verify that your team is following them? Here are some tips to help you monitor and improve your team's procurement performance.