A functional and cohesive procurement policy is vital to improving profitability. While clear standard operating procedures are important, it takes more to create efficiencies. The procurement ...

Centralizing purchasing becomes increasingly more important the larger a small business grows. Most importantly, a decentralized purchasing structure in which individual departments are responsible ...

For companies that contain a large portfolio of subsidiaries, how do you ensure that all companies are operating at their full potential? Centralized companies (companies who reserve decision-making ...

Decentralized machinery companies have a proven record of high performance—consistently beating their non-decentralized peers, according to key performance indicators. Based on our study of 28 global ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...