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per cent in January 2023, down from 9.2 Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. Unchecked inflation can not only damage profitability and hinder growth opportunities but also impact long-term success.
As 2023 draws to a close, we take a look back at what has been achieved over the last year in Public Procurement in Scotland. We asked members of the Public Procurement Group (PPG) to summarise their sector’s 2023 achievements. Now, there’s just not enough time for me to mention every highlight of 2023.
The Finalists for the 2023/24 GO Awards Scotland have been announced. These awards are a unique opportunity to showcase the Power of Procurement, the innovations, initiatives and achievements of organisations that are leading the way for public procurement in Scotland. appeared first on Public Procurement and Property.
As 2023 draws to a close, we take a look back at what has been achieved over the last year in Public Procurement in Scotland. We asked members of the Public Procurement Group (PPG) to summarise their sector’s 2023 achievements. Now, there’s just not enough time for me to mention every highlight of 2023.
Legislation & Frameworks Supporting Social Value Objectives Social value frameworks vary globally but share a unified purpose: creating a better world through procurement. Procurement Act Social Value 2023 This Social Value Act requires public entities to consider social, economic, and environmental benefits when awarding contracts.
The Benefits of Source-to-Pay The market for S2P has evolved significantly in recent years, becoming an essential component of procurementstrategy for most companies. Spend under management: S2P software can help procurementteams better manage the percentage of company spend that is under contract and under management.
By actively engaging with the SME community, procurementteams can ensure that procurement decisions reflect a financial imperative and the broader goal of supporting a competitive and innovative market environment.
By addressing these challenges, procurementteams can enhance transparency, ensure compliance, and deliver value for money. Source: [link] The Key Challenges In Public Procurement Regulatory Complexity With the Procurement Act 2023 evolving, procurement is treated with a lot of oversight.
In this blog post, well explore in detail the impact of US tariffs on UK supply chains and outline actionable steps procurementteams can take to adapt. As of 2023, the US was the UKs largest single export market, accounting for approximately 21.7% For UK procurement professionals, staying informed and agile is key.
They follow public procurement best practices strategies that help you not only win contracts but keep them coming. Crafting A Winning ProcurementStrategy A proactive approach gives you the edge. Keep your procurementteam informed and compliant. Let Tracker Intelligence help you in the best way possible.
Now, looking ahead, we are getting close to publishing our own Scottish Government Annual Procurement Report for 2023 to 24, as well as the annual Ministerial Report of Procurement Activity in Scotland, which provides a fantastic overview of public procurement activity across the whole of Scotland in 22 and 23.
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