article thumbnail

Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

For example, the nature of the market may vary depending on whether the requirement can be sourced from multiple suppliers, a single supplier , or just a few suppliers. From a supplier perspective, this competition may determine whether the procurement process involves full competition , limited competition , or a single source.

article thumbnail

Why DoD treats non-traditional innovation suppliers as just plain commercial

Federal News Network

Interview Transcript: Tom Temin Dan, let’s just begin with why you would want to treat nontraditional suppliers as commercial in the first place. And so that group includes small businesses, who, by definition, are exempt from the cost accounting standards. Is that the rationale? That’s expensive and complicated.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Accounts Payable Superheroes, It’s Time to Empower your Suppliers

ivalua

Why does Accounts Payable Need Heroes? In Accounts Payable, it’s the Supplier inquiry. However, could this interruption by your supplier be turned into an automation opportunity. Bad Supplier Relationship Management is the kryptonite for AP . Bad Supplier Relationship Management is the kryptonite for AP .

article thumbnail

Three ways World Bank procurement can drive collaboration for the SDGs

Open Contracting Partnership

Improving public procurement, which accounts for one in every three dollars spent by governments, is one of the core ways countries can do more with the same – or less. How can the Bank attract a wider diversity of suppliers, to optimise value for money and stimulate economic opportunity?

article thumbnail

12 Ways To Get Control Over Supplier Master Data

ivalua

Procure-to-pay (P2P) automation and analytics won’t work very well without accurate supplier master data. Yet that goal — data accuracy — remains a considerable challenge for many Procurement and Accounts Payable organizations. Accurate supplier master data is just one aspect of a Digital Procurement journey.

article thumbnail

Los Angeles Department of Water and Power Digitizes Supplier Registration & Solicitation Process with Ivalua in 1 Week

ivalua

REDWOOD CITY, Calif. , June 4, 2020 /PRNewswire/ — Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that the Los Angeles Department of Water and Power (LADWP) has selected and deployed Ivalua to digitize supplier registration and solicitation processes. Learn more at www.ivalua.com.

article thumbnail

5 Steps Towards Modernizing Supplier Management

ivalua

When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. Organizations are increasingly dependent on suppliers to successfully bring innovative goods and services to market on time, improve ESG performance, and meet other objectives. Gain control of your supplier data.