Background In a recent Micro-Case we showed how Monte Carlo simulations could be used to more effectively understand the risks and exposures in decision making processes. Since then, we have applied the … Continued

Procurement departments are often measured by their ability to negotiate the most favorable terms and generate savings for the organization. As a result, procurement typically focuses their time and effort … Continued

Contract compliance has become a standard practice for large procurement groups. The process provides management with valuable information on vendor performance, transparency into third-party relationships, opportunities for process/contract improvements and … Continued