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Balancing Efficiency and Effectiveness in Procurement

The Procurement School

Part of the outcome for assessing efficiency is to determine the appropriate level of resources to support the function and the quality of the work, which becomes a benchmark. Leading private sector organizations use ROSMA to look at the value-add by a procurement team but it has applications for public sector as well.

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Governments need to plan for the entire product lifecycle when they purchase technology today

American City & Country

Local governments face issues that range from balancing public safety and individual privacy rights to managing vast amounts of data securely and efficiently. He offers this purchasing example: “Using cooperative contracts for government IoT technology procurement offers significant benefits in cost savings, efficiency, and risk management.”

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Using Digitization to Unlock Supply Chain Value for Manufacturers

ivalua

The role that procurement plays in manufacturing organizations is a difficult one. This function must simultaneously balance cost reduction, quality, and assurance of supply in their quest to maximize profits. . This practice significantly increases risk and time-to-market, directly impacting the likelihood of product success.

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What’s the Difference Between Direct vs Indirect Procurement?

ivalua

Procurement can and should be a significant value generator for the larger organization. There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

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Charging Forward: Public sector EVs pose both challenges and opportunities for state agencies and their partners

American City & Country

Across the country, state and local procurement teams are taking up the call to expand electric vehicle (EV) infrastructure. Additionally, the rapid pace of technological advancements in the EV sector can make it difficult for procurement teams to keep up, leading to concerns about the long-term viability of their investments.

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The Public Procurement Glossary

Tracker Intelligence

Value: Smart Spending, Not Just Cheap Deals It’s not just about the lowest priceit’s about quality, long-term savings, and corporate social responsibility. Fairness: Equal Opportunity for All Public procurement is built on fair competition. The best choice isnt just about priceits about quality, timelines, and reliability.

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How Modern Software Empowers Procurement with Agility and Resilience in Times of Crisis

ivalua

It also requires a focus on procurement-supplier relationships, and striving to be the customer of choice for your suppliers. Balancing New Priorities Makes Procurement More Valuable. Historically, Procurement was perceived as adding value when it could effectively control costs.