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We’re pleased to welcome a blog from Denis McFadden, Deputy Director, Procurement Services Division to reflect on the procurement role MPIP have played in supporting and enabling the delivery of new Social Security benefits in Scotland.
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 procurementteams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.
Over the course of the year, the Art of Procurementteam is privileged to speak to a LOT of people. The post 3 Key Messages for Procurement Leaders in 2023 appeared first on Art of Procurement.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.
In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurementteam to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Managing a complex network of direct material suppliers.
Given the challenges elementary and high school students are facing right now, K-12 procurementteams 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.
Responsible procurement wise. We’ve completed over 250 deep dive assessments now of our suppliers, supply chains and institutional procurementteams and their internal stakeholders. But despite all of these things, our local government colleagues that are procurementteams continue to deliver.
In this article we’ll review how supplier management capabilities in Source-to-Pay technology can free-up and enable a manufacturer’s direct material procurementteam to do what they do best to ensure the supply chain remains resilient and agile: be creative and strategic. Supplier Data Quality & Management in Decision Making.
A frequent thought leadership contributor for the Ivalua Blog, Jarrod has worked across multiple industries, including higher education, public sector, retail, manufacturing, and engineered products.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
For more than two decades, Fine Tune has been helping procurementteams manage some of their most complex, burdensome, and. The post AOP Introducing… Fine Tune appeared first on Art of Procurement.
With demands on public sector procurementteams increasing all the time, the need for effective RFP collaboration will continue to increase, too. In this blog post, we’ll take a look at why RFP collaborations tends to be so chaotic, and how Bonfire helps transform the chaos into productive teamwork. Solving RFP Collaboration.
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. ProcurementTeams Step-up. Help staff sell procurement’s value during recovery.
In todays complex procurement landscape, creating comprehensive and accurate statements of work scopes can present a challenge for university procurementteams. Now in pilot, Scope Builder is demonstrating how it will save Cal Poly procurementteam members time developing work scopes.
As public procurementteams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Scalability. Data Insight Strategy. Conclusion.
Today I’m proud to commemorate the 10-year anniversary of Bonfire and, with it, the incredible clients and team who have made our success possible. To mark the occasion, I’m hopping onto the blog to reflect on our journey — to think about how far we’ve come and where we’re headed. Reflecting on the journey. What’s next?
If you’re part of any government procurementteam, you’ve likely been asked, “What are you doing to increase supplier diversity?” It’s also likely you’ve heard of and possibly conducted disparity studies to improve your procurement process and identify the needs of different types of suppliers.
Come along to meet with procurementteams, buyers and supply chains to learn about upcoming projects and tender opportunities across Scotland and the UK. Register Now Meet the Buyer 2024 is aimed towards small and medium sized businesses from across Scotland. However, all are welcome!
We hosted our first ever Bonfire Procurement Awards reception to honor our clients who are moving mountains in their organizations. Then in our case study session, we heard how public procurementteams are using Bonfire to drive their organizations forward and positively impact the communities they serve.
He gave a keynote presentation about his company’s procurement and supply chain transformation journey – one that is still underway. Why they found it absolutely necessary to organizationally separate sourcing from procurement. Here is a link to the blog initially published on Art of Procurement including the link to the Podcast.
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! Julie: So our councils are facing massive financial gaps in their budgets and I’m really proud that over the last year local council procurementteams are stepping up to help them with that.
The Procurement Act 2023 (the Act) introduces a range of reforms aimed at simplifying and enhancing transparency in the procurement process, which should be good news for suppliers. In this two-part blog series, we answer frequently asked questions to help you understand the impact of the Act and how to prepare.
If the amount is over the threshold, sourcing is led by the procurementteam, 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.
Sustainable government procurement is the process of acquiring goods and services that meet the government entity’s needs while minimizing environmental and social impacts. In addition, there are several comprehensive guides to green purchasing available online, including from the Nation Association of State Procurement Officials (NASPO).
For one European bank, the capability of their internal procurementteam has become a customer benefit that is winning new revenue. Author: Peter Smith , Managing Director at Procurement Excellence Ltd. Blog first published by our friends at Procurious. Until recently also Managing Editor, Spend Matters UK/Europe.
A frequent thought leadership contributor for the Ivalua Blog, Jarrod has worked across multiple industries, including higher education, public sector, retail, manufacturing, and engineered products.
With businesses’ focus shifting from damage control to restoring growth, innovative CPOs are encouraging their procurementteams to prioritise supplier innovation and revenue growth opportunities. . Procurement’s role and status have been on an upward trajectory for many years, accelerating during the Covid-19 crisis.
Whether the motivation is new legislation or funding requirements, increasing competition in your RFP responses, or supporting your community — there’s no wrong reason for public sector procurementteams to foster more diversity in their vendor pool. So how do you create vendor diversity initiatives in your organization?
A really good regional event and an opportunity to connect buyers and procurementteams 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.
Keep an eye out for an in-depth blog session recap! Back over to the Cinema, we were “Bridging the Procurement-Finance Gap” with Justyna Dutka , Indirect Procurement Process and Data Senior Manager at AmRest and Stephen Carter , Director of Product Marketing at Ivalua.
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 procurementteams achieve better and faster results.
The most common thing preventing procurementteams from creating these initiatives is not having a starting point. So you want to create a vendor diversity program. Where do you start? What pieces should you have in place for success?
The Accelerator Team manages ARPA funds in collaboration with Joel’s procurementteam, the city’s federal grant specialists, and others in the Office of Management and Budget. The team’s primary function is to help departments and applicants with ARPA compliance and reporting.
But the truth is, making a strategic investment in procurement and sourcing can stretch dollars further and help uncover new supplier partners who ensure you’re getting the most value for the money you spend.
After the conference, I happened to follow up with a mid-manager who functioned as a liaison between IT and the Procurementteam. Giving buyers the proper tools to become key business partners is not a “nice to have” scenario—it is a critical path to managing risk and ensuring success.
VA Allen Smith , Division Chief, Acquisition Service 2, VA Katie Hulse , Director, Acquisition Services 3 (Med/Surg Prime Vendor), VA Julian Thrash , Director, Acquisition Services 5 (NX, Telehealth, VHA Medical Furniture), VA Laura Scott , Director, Acquisition Services 6 (Community Care Network, etc.),
This article was originally posted on the SIG blog. Today, procurement leaders have a seat at the table in e-staff meetings. Procurementteams were just buyers who delivered what other departments told them to buy. Organizations viewed procurement as the bottleneck between what they wanted and when they received it.
As I write this blog, the COVID-19 pandemic continues to ravage populations and economies around the world. For example, as Procurementteams now scour contracts to see where Force Majeure conditions apply, it is key to understand contractual rights and obligations during a crisis.
Holland & Knight does not intend to take a position on any of these questions through this blog. We will also publish a series of other blogs regarding other changes to SBA’s regulations included in the Proposed Rule, such as changes to the Mentor-Protégé Program, 8(a) Program and others. ” Loper Bright Enters.
It’s completely free to use for public procurement professionals everywhere. Procurementteams can get requests for everything from pothole patching to software to PPE. The post Bonfire Open Access Community Projects: Our holiday gift to public procurementteams everywhere appeared first on Bonfire.
Weve made some minor system updates to Public Contracts Scotland, so to make sure you’re able to familiarise yourself with what’s in there, links to all of the documentation and guidance I mention today will be included in the accompanying blog for this video. You’ll find these on our Scottish procurementblog.
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 procurementteams can take to adapt.
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