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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

You can also use its eSourcing solution to create RFPs, receive bids from qualified suppliers, analyze supplier performance and manage contracts in one place. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

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Digital Technology Assurance Framework – Procurement insights

Scottish Government Procurement

We welcome a guest blog from Laura Johnstone-Continuous Improvement lead for the Scottish Government’s Digital Assurance Office (DAO). In our analysis of recommendations from major digital reviews we have found three distinct themes relating to procurement and contract management.

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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

This would result in large monetary and transactional savings for governments because, for example, approximately 25% of public contracts in the region require time extensions averaging nearly double their original terms, while around 13% experience budget increases of up to 50%. of GDP, according to FISLAC calculations.

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Procurement Act 2023: What’s next and why you should act now

VWV

The Government has now launched a National Procurement Policy Statement stakeholder survey, inviting input from the public sector and suppliers regarding procurement priorities. It is also worth pointing out that the NPPS does not apply procurements by devolved authorities who will have their own procurement policy documents.

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How Certified Procurement Professionals Drive Efficiency in Supply Chain Management

The Procurement School

Courses designed for this purpose do more than just impart knowledge; they shape the future of procurement by fostering a deep understanding of its principles and practices. The impact of such training is significant, leading to more streamlined procurement processes and better decision-making in supply chain management.

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Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

The technology’s inherent characteristics support a more transparent and efficient procurement process, laying the groundwork for significant reforms in public sector procurement strategies. Such transparency is crucial for detecting and preventing fraud, thereby enhancing the integrity of public procurements.