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State Dept transforming procurement with category management, streamlined processes

Federal News Network

Federal Monthly Insights - Contract Management 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 category management approach, organizing procurement around the primary categories of spend.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

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S2P is the end-to-end process that encompasses all the activities between an organization and its suppliers. Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management).

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Navy’s journey to new procurement system remains in peril

Federal News Network

The Navy’s goal is to modernize and consolidate more than 245 DON legacy contract writing systems (CWS) and other ancillary procurement systems. These procurement systems write and manage most DON contracts under 10 heads of contracting activity (HCA). The service received $5.9 million in 2023 and requested $6.5

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Part I: Bridging the Gap between Procurement and Finance. A New Vision for Amrest

ivalua

They’re also ramping up usage in contract management. . To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face. Turn your Account Payables team into a strategic payments function! .

Finance 52
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Part I: Bridging the Gap between Procurement and Finance. A New Vision for Amrest

ivalua

They’re also ramping up usage in contract management. . To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face. Turn your Account Payables team into a strategic payments function! .

Finance 52
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What’s the Difference Between Direct vs Indirect Procurement?

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To be successful, your procurement team will need to be expert at supplier relationship management, contract management and sourcing and skilled at managing procurement cost as it contributes positively to the business. What is Direct Procurement?