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Federal Monthly Insights - ContractManagement Modernization - 9/24/2024 [link] Download audio The State Department is embarking on a transformation in how it performs acquisition. It’s moving to a categorymanagement approach, organizing procurement around the primary categories of spend.
ContractManagement is often thought to be the last step in the Procurement life cycle but instead it is both the beginning and end of the procurement cycle and it provides a constant feedback loop. The following article discusses the various steps of contractmanagement and its role in procurement efficiency.
This is an indication of the level of transparency and accountability required by public procurement professionals. Once a procurement is awarded it moves to contractmanagement whose primary functions are implementation, compliance and issue management. The bidder is consenting to the KPIs when it submits its bid.
Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop categorymanagement strategies. . There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: .
Areas to consider include objectives, background, scope, constraints, deliverables, timing, approvals, policy and legislative requirements, evaluation criteria and methodology and contractmanagement including KPIs. Part 2 of The Procurement Journey will continue next month covering posting, evaluation and contract award.
Once the Procurement Journey is completed the procurement is passed to the contractmanager for execution. The individuals in this field understand the significance of their roles and strive to uphold the highest standards of ethics and accountability. Fleet and Logistics CategoryManager.
Agencies are continuing to accelerate the use of Governmentwide Acquisition Contracts (GWACs) and Other Transaction Authority (OTA) agreements to bypass traditional, slow-moving procurement models. Categorymanagement continues to drive contract consolidation, making innovative solutions and teaming critical.
President Donald Trump is expected to sign an executive order in the coming days that would put the General Services Administration in charge of buying all products and services that make up the 10 areas of categorymanagement. Those properties account for 1.4 million square feet of space, and are worth about $185 million.
Meanwhile, President Donald Trump is expected to sign an executive order in the coming days that would put GSA in charge of buying all products and services that make up the 10 areas of categorymanagement. million GSA SmartPay card and account holders spent nearly $40 billion , through approximately 90 million transactions.
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