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This represents about 15 percent of the VHAs $5 billion annual spend on medical supplies and equipment. Significant challenges across the medical supplychain remain. As a threshold matter, it is important to note that the remaining 85 percent of supplies and products are ordered manually across the VA.
Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts. This could include negotiating more favorable terms with suppliers or renegotiating existing contracts to ensure that prices remain competitive.
When thinking about benchmarking the most common area that is reviewed is price, but as we know (and as mentioned in previous blogs) price is not the sole factor. price Benchmarking methods vary depending on the results sought and the areas being reviewed. appeared first on Oxford College of Procurement and Supply.
The pandemic and its aftermath created a greater awareness of the fragility of global supplychains, and the federal government’s over reliance on adversaries in the supplychain. Two different supplychainsupply regimes essentially govern supply acquisition: The Buy American Act (BAA) and the Trade Agreements Act (TAA).
The subject of the hearing was “Safeguarding the Federal Software SupplyChain.” Thank you for the opportunity to appear before you to address the federal software supplychain. As such, they are well-aware of the challenges involved in addressing vulnerabilities in the federal software supplychain.
Two weeks ago, FAR & Beyond focused on the “Competing Global SupplyChain Approaches” governing federal acquisition. The blog outlined the significant differences between the Buy American Act (BAA) and the Trade Agreements Act (TAA). The Small Business Rules: Is the Price Right for Products Made in China?
The pandemic and its aftermath only further exposed the fragility of our supplychains in all parts of the economy. Two prominent procurement laws address supplychains and the industrial base: the Buy American Act (BAA) and the Trade Agreements Act (TAA). Some believe a clarification may be affected via legislation.
Procurement and supplychain teams will play a crucial role in making this vision a reality. In this blog post, we will explore how sustainable procurement practices can help organizations reduce greenhouse gas emissions and achieve their sustainability goals.
billion of contract spend under our national contracts and working together, we were able to maintain those prices, achieve 34 million worth of savings and 20 million of cost avoidance. We’ve completed over 250 deep dive assessments now of our suppliers, supplychains and institutional procurement teams and their internal stakeholders.
As I write this blog, the COVID-19 pandemic continues to ravage populations and economies around the world. The total costs, in terms of human lives, disrupted supplychains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers.
How I got into procurement My peers all have a 'story' about how they got into procurement without knowing they were actually working in a SupplyChain Management (SCM) role. I've never met anyone who studied supplychain management at university because they knew that's what they wanted to do. Read on to find out.
We remain committed to this mission at the upcoming Spring Training Conference, ensuring that attendees leave with comprehensive updates on acquisition policies, programs, and initiatives in subjects like artificial intelligence (AI), cybersecurity, the medical supplychain, and much more. We look forward to seeing you in May!
Participants in the Canadian trade remedies community are closely watching this case, as it will be precedent setting on how supplychain restructuring could constitute circumvention of the SIMA. The post 2025 Canadian Trade Outlook: Trade Remedies appeared first on Import and Trade Remedies Blog.
In a previous blog we discussed the mounting humanitarian crisis that the Coronavirus, also known as COVID-19, had sparked globally and discussed considerations and steps organizations should take to mitigate the impact from disrupted supplychains.
The benefits of sourcing from overseas include factors such as: Access to a wider market Access to expertise and technology Lower prices If you read last month’s blog you will have discovered or been reminded of understanding the importance between price and cost.
Market timing and pricing is a big part of that failure. And this is exactly where sourcing and supplychain professionals can make a name for themselves. Let’s start with pricing. This allows you to have flexibility in market pricing and creates various promotional and strategic pricing options.
From May to August 2023, the Government passed into law novel supplychain transparency legislation and introduced amendments and legislative proposals that are impacting, or will impact, compliance with Canadian customs, export controls, and economic sanctions legislation.
In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. A great example is Meritor , who brought a unique approach to supplier collaboration and new product introductions to life, delivering more products at higher profit to support a board level initiative and multiply their stock price.
During the event, attendees continued discussions from the Fall on what constitutes fair and reasonable pricing determinations and explored other critical topics like cybersecurity and protecting the Federal supplychain. The theme of the conference was “ What is Fair and Reasonable, Part 2: Let’s Continue the Dialogue!
In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. In today’s business environment, however, there are fewer opportunities to drive cost improvements using traditional strategies such as supplier consolidation or strong-arming your way to supplier price concessions.
According to the MarketLinks blog, Sustainable Public Procurement and the Business Environment , “taxpayers around the world are increasingly holding governments accountable to spend public funds for their social and economic benefit in a sustainable manner. Sustainable Development Goal (SDG) No. Specifically, SDG 12.7
The lack of end-to-end flow results in a gap around payments, resulting in increased levels of inquiries and breaks the supplychain as suppliers put deliveries on hold. Like the tide going out before a tsunami, the big wave of social and dynamic supply is about to hit, which will bring with it an acceleration of the gig economy.
Multiple Award Schedule (MAS) Price Evaluation. Significantly, the Federal Acquisition Service (FAS) is revising its guidance to contracting officers regarding the evaluation/negotiation of MAS contract pricing. Supplychain risk management and domestic sourcing. How is that data validated and being used to avoid bias?
Control the supplychain and you control your destiny. But it’s expensive to own a supplychain so manufacturers began to offload their capital-intensive component factories in favor of purchasing parts and assemblies from a growing network of suppliers. Supply partners now matter more than ever. This us-vs.-them
By centralizing our engagement processes and encouraging industry to view government agencies as “one customer,” we are ensuring that all government agencies, large and small, benefit from the best possible terms and prices, avoiding the inefficiencies of fragmented and duplicative contract terms.
Consider the following resources to strengthen your financial management capabilities: Incurred Cost Submission Deep Dive CAS: The Series Cost and Price Analysis Workshop Cost Allowability Subcontract Management Many government construction projects involve subcontracting, which introduces additional complexities and risks.
Next, a panel of government executives and industry experts will explore recent policies affecting contractors and the factors that have an impact a fair and reasonable price determination. This session is followed by the popular “Rogers Panel,” which will highlight key developments in acquisition law, policy, and regulation.
Suppliers were quickly categorized in many ways… by quality, performance, price, riskiness, and so on. As the manufacturer’s pool of suppliers grew, they also segmented their supply base by how much they spent with each, their overall value contribution, and how critical the supplier was to their supplychain.
The performance results showed that contract level pricing was better under TDR than under Most Favored Customer (MFC) pricing. Small businesses generated stronger growth under TDR than small businesses under MFC pricing. The PRC is a vestige of the 1980’s MAS program and serves as a significant barrier to entry.
Driven by a desire by manufacturers to insulate themselves from spiraling labor costs, manufacturers shifted production of parts and components into the supplychain. It shouldn’t be about beating up a supplier on price or strong arming suppliers. A big component of this is building trust with key suppliers.
Cybersecurity Update, October 12 In honor of Cybersecurity Awareness Month, we are happy to hold a joint virtual Business and Regulatory Issues (BRIC) and Cyber and SupplyChain Security Committee Meeting on October 12 at 11 AM ET. Keep reading for more details on the upcoming schedule for 2023 and beyond!
Topics covered during the training will include: The GSA Schedules Program: An Entry Point to Government Contracting Obtaining Your GSA Schedule or Schedule Modification, along with Option Extensions Navigating the Price Negotiation Process Better Understanding of Management and Compliance of the Price Reduction Clause Schedule e-Tools: Tips on Competing (..)
The general sessions will continue, and include: Generative AI in Federal Procurement Cybersecurity (CMMC, Cyber Threat Reporting, and More) The Latest on the Federal Budget ; and FAS Executive Panels (IT, Professional Services, and Assisted Services Panel and Catalog, General Supplies and Services Panel) The first group of afternoon breakout sessions (..)
If you missed out on this week’s training, we are returning both courses to our regular rotation of annual events and we would love to see you next time.
Potential Changes to FSS EPA Clauses As you know, one of the Coalition’s priorities in 2022 and 2023 was to increase flexibility in the application of Economic Price Adjustments (EPAs) in the Federal Supply Schedule (FSS) program during a time of historic inflation.
In particular, the Government seeks comments on whether restrictions on the Canadian EV supplychain are required to safeguard net-benefits to Canadians and Canadian national security. In 2022, Canada notably relied on the ICA to order three Chinese companies to divest from Canadian lithium mining companies.
Financing trade and supplychain as a business- Financing payables and receivables is anything but covered at this point– per Jason. Can I share suppliers a 3D sketch for accurate pricing, faster time to market, and help facilitate supplier collaboration in innovation? And what I found to be the most thought provoking: 5.
The JIT approach explained in last month’s blog relates to this form of waste. This is a big challenge for procurement workers as we can reduce the price by buying in bulk (economies of scale) but if that large amount is not going to be required this is waste. Inventory Inventory relates to stock. How much stock is being held?
Albert Sanchez-Graells , Professor of Economic Law, University of Bristol Law School This blog post is based on the paper that was jointly awarded the Best Paper Prize Award 2024 by the Society of Legal Scholars. breaches common across contracting authorities or regularly being made by a particular contracting authority).’
PAP 2021-05, Evaluation of FSS Program Pricing, is one such example. Given the significant pricing policy changes outlined in the PAP, it should have been subject to public review and comment. The questions all go to the integrity of the data being used to assess fair and reasonable pricing.
In 2014 Meritor launched a 3-year initiative to drive massive value by transforming their supplychain in what can be thought of as a drive to achieve BIC. Their stock price rose from $4.45 This blog was first published on Procurious.com. The result? You can also see this article on LinkedIn.
We write about Canada’s forced labour developments in a companion article, which will be released on Baker McKenzie’s Import and Trade Remedies blog shortly. For further details of the Amendments see our prior blog online here. The new reporting requirements aim to increase transparency in Canada’s steel supplychain.
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