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

ivalua

How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy. The key for procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

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Making student-first buying decisions

Bonfire

Given the challenges elementary and high school students are facing right now, K-12 procurement teams have a unique opportunity to make a positive impact through their purchasing decisions. Today on the blog, we’re sharing how eProcurement can help you deliver that impact and make student-first buying decisions.

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10 Things Your ERP Can’t Do (And Why You Need an eProcurement Solution)

Bonfire

No collaboration: ERP systems don’t provide support for collaborative procurement, making it difficult for procurement or evaluation teams to work together. Purpose-built procurement software provides a platform for collaboration, helping procurement teams achieve better and faster results.

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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

In August 2020 Gartner published this report “4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve” This blog summarizes the key points of the report which you can read in full, here. Procurement Teams Step-up. Help staff sell procurement’s value during recovery.

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Roundtable roundup: Best practices for crown corporation procurement

Bonfire

If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option. Going forward, the agencies that use a patchwork approach are working towards adopting a single tool that will streamline their processes and support procurement success.

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Scottish Procurement Vlog – September 2024

Scottish Government Procurement

A really good regional event and an opportunity to connect buyers and procurement teams from across the public and private sector as they prepare for upcoming contract opportunities. We’ve seen a number of developments across construction procurement policy recently with the publication of three new construction policy notes.

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5 things to consider when creating a vendor diversity program

Bonfire

The most common thing preventing procurement teams from creating these initiatives is not having a starting point. Gather, store, and use your data One critical piece of any procurement department is a system to collect vendor diversity data. So you want to create a vendor diversity program. Where do you start?

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