Whatever role you play in the purchasing process of your properties, everyone has the same goal—do more, spend less. Managing the overall spend of multiple properties can be daunting, but when done strategically, you can rest easy knowing you got the best bang for your buck.
Compliance and rogue spend and purchasing, OH MY!! While these words seem daunting, they are key to staying on budget and increasing net operating income (NOI). In order to fully map out a purchasing strategy you need to define what compliance means for your organization and communicate that to your employees.