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Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring and compliance, and delivers continuous value to the business. Among these practices are supplier identification through sourcing, relationship management, and reporting.
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.
Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. 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.
In April we published the Annual report on procurement activity in Scotland for 21-22, which highlights how we performed against our ProcurementStrategy, how we delivered procurement policy and capability throughout the Scottish public sector. They show that the 16 billion of public procurement spend, we generated 13.8
As a follow up to the publication of Scotland’s journey of achieving sustainable procurement outcomes 2002-2022: independent review , we have interviewed key organisations representing and working with the business and the third sector in Scotland about sustainable procurement outcomes.
Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | ProcurementStrategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.
The report highlights that 55% of every pound spent with suppliers in Scotland went to an SME, but we continue to look and build on these figures and I am pleased that the Scottish Government published our SME and Third Sector Action Plan. Well, that’s all for now. I’ll be back with a further update in the summer.
It is likely that there were sighs of relief when on 12 September the Cabinet Office signaled a four-month delay to the introduction of the Act, intended to allow time for a new National Procurement Policy Statement (NPPS) that reflects the Government's priorities. Where are we now? What can you do to prepare?
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.
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.
Effective procurement practices allow the establishment of a closed-loop circular supply chain that helps deliver more efficiency, from end-to-end and supports the formalisation of different services, including e-waste management, recycling, resource sharing, and supplier regulatory development.
Improved procurementstrategies could reduce public debt by as much as 1.8% This new way of managing contracts can fundamentally change the relationship of parties involved in public procurement. Subscribe to our newsletter to keep yourself updated about our latest publications, blogs and events.
We’ll be back in the New Year with lots more interesting and informative content, make sure to subscribe to our blog and keep up to date! You can watch the video below, or read the transcript at the bottom of the page. Now, there’s just not enough time for me to mention every highlight of 2023.
The technology’s inherent characteristics support a more transparent and efficient procurement process, laying the groundwork for significant reforms in public sector procurementstrategies. Such transparency is crucial for detecting and preventing fraud, thereby enhancing the integrity of public procurements.
By eliminating vendor paywalls, you lower barriers to entry and encourage more diverse suppliers to participate. Plus, catch his two pieces of advice for early career professionals looking to advance in the field of procurement. Hungry for more tips, insights, and inspiration you can use to level up your procurementstrategy?
For procurement professionals, this development presents new challenges in cost management, supplier relationships, and regulatory compliance. In this blog post, well explore in detail the impact of US tariffs on UK supply chains and outline actionable steps procurement teams can take to adapt.
Your procurement readiness checklist: Update your procurementstrategy and contract procedural rules. Review and update your procurement documents to reflect the new terminology, processes and procurement specific questionnaire. You can also sign up to our mailing list for blogs, FAQs and regular updates here.
Now we play a major role in this to our programmes of work on our National Collaborative Procurement, Commercial Value for Money programmes and the Single Scottish Estate programme, making a real efficiency and securingsavings for the public sector. You’ll find these on our Scottish procurementblog.
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