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In todays complex procurement landscape, creating comprehensive and accurate statements of work scopes can present a challenge for university procurementteams. Without standardized tools, this process creates additional workload burden and potential delays in the procurement process.
This post was originally published on the ODI Global blog. Improving public procurement, which accounts for one in every three dollars spent by governments, is one of the core ways countries can do more with the same – or less. How can the Bank leverage this opportunity?
As 2024 draws to a close, we take a look back at what has been achieved over the last year in Public Procurement in Scotland. We asked members of the Public Procurement Group (PPG) to summarise their sectors 2024 achievements. They show that the 16 billion of public procurement spend, we generated 13.8 billion to Scottish GDP.
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.
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. MPIP adapted the procurement documentation to meet the demands of Agile delivery.
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.
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.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react.
Sustainable government procurement is the process of acquiring goods and services that meet the government entity’s needs while minimizing environmental and social impacts. Public procurement is key to this endeavor because public institutions and state enterprises must procure vast amounts of goods, services, and works to do their jobs.
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 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. A Blueprint for Demonstrating the value of Strategic Procurement.
In his latest vlog, Nick provides an update highlighting what we’ve achieved over the last quarter, including exciting events and recent publications, as well as what’s coming up over the next few months across the Scottish procurement community. You can watch the video below. Welcome to my second vlog of 2024.
As 2023 draws to a close, we take a look back at what has been achieved over the last year in Public Procurement in Scotland. We asked members of the Public Procurement Group (PPG) to summarise their sector’s 2023 achievements. I’m also really proud that at Scotland Excel, we’ve put in place a national savings team.
As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. Supplier Data is at the core of every procurement activity, and it is critical for those dealing with direct materials in manufacturing. Supplier Data Quality & Management in Decision Making.
But, the competitive landscape for procurement software is very different. As a result, the procurement software offered to public companies has been able to live in parallel with the private market; its evolution has been very focused on compliance with public procurement regulations. Where to Start?
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? Processes and Compliance. Scalability.
Come along to meet with procurementteams, buyers and supply chains to learn about upcoming projects and tender opportunities across Scotland and the UK. The post Meet The Buyer 2024 brings businesses together for Scotland’s largest free procurement event appeared first on Public Procurement and Property.
At Bonfire, we get to work with hundreds of public procurement professionals every day. On March 15, we brought together procurement professionals from crown corporations across Canada for a virtual roundtable discussion. What general policies do crown corporations follow when it comes to procurement, POs, and contracts?
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.
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.
Ivalua Spend Management Insights [ivory-search] Source Wisely: Your Top 3 Public Procurement Software Essentials April 17, 2023 | | Public Sector by Jarrod McAdoo Today, state and local governments are tackling top priorities such as legacy modernization, cybersecurity, and cloud computing. Can the software grow with you as your needs change?
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.
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.
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.
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. What Are Disparity Studies?
Procurement professionals need to think in more innovative ways about how we can drive competitive advantage and shareholder value for our organisations. While profit is of course important, and the procurement goal of cost reduction plays a key role here, “you cannot cut your way to growth” (or ultimate success), as the saying goes.
Getting together to share knowledge and experiences while tackling new challenges is something so fundamental to public procurement and we love to see the collaboration and passion for the profession at these events. At the Bonfire booth, we had the pleasure of speaking with hundreds of attendees from all sides of public procurement.
Managing Director, Art of Procurement. Everything procurement delivers – from savings to risk mitigation to value – is predicated on having access to clean, trustworthy data. He gave a keynote presentation about his company’s procurement and supply chain transformation journey – one that is still underway.
Enterprise Resource Planning (ERP) systems have become an essential tool for complex organizations, but when it comes to procurement in the public sector, they aren’t enough. Procurement software offers a one-stop solution that covers the whole range of contract management challenges.
Modifying your approach to procurement can make your business permanently more efficient. A lot of agencies view procurement as a transactional tool for negotiating with suppliers. When we had a team of one, it was emails, it was phone calls, it was in person, it was paper, it was disorganized,” says Presutti.
Ivalua remains the only vendor recognized as a leader in every current Procurement report spanning S2P by Gartner and Forrester. Keep an eye out for an in-depth blog session recap! Ivalua R&D experts shared inf ormative and comprehensive updates for the Source-to-Contract, Procure-to-Pay, and Platform Solutions.
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?
The most common thing preventing procurementteams 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. What pieces should you have in place for success?
To help you navigate these opportunities and challenges, we reached out to two expert panelists: Joel Neavell , Director of Procurement for the Louisville Metro Government , and Ken Hillebrand , Deputy Director of the Louisville Accelerator Team. But, as it turns out, managing and allocating the funds is no easy task.
This article was originally posted on the SIG blog. Dawn will be presenting a thought-leader keynote titled “Leadership in Uncertain Times” at Ivalua NOW , the premier virtual event for procurement leaders, on May 5. Today, procurement leaders have a seat at the table in e-staff meetings. It’s changed dramatically.
The Coalition for Government Procurement would like to thank everyone who attended this week’s Fall Training Conference: “ What is Fair and Reasonable? Your participation played a key role in the dialogue between industry and the Federal Government as we explored the variety of factors that impact a fair and reasonable determination.
As I write this blog, the COVID-19 pandemic continues to ravage populations and economies around the world. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders. Balance Procurement Objectives. Others may still be applied to help businesses better manage the effects of the crisis.
The governmentwide day on November 20 will feature expert panels addressing “what’s next” after the election for the future of federal procurement. Join us as we dive into what lies ahead for federal procurement in 2025 and beyond! Market and Procurement Outlook Panel: What’s Next?
About 60 Procurement Managers, Directors, and Executives attended from top medical device manufacturing companies. After the conference, I happened to follow up with a mid-manager who functioned as a liaison between IT and the Procurementteam.
Considering everything you do for your agencies, colleagues, and communities, there’s no question that public procurement professionals are on our “nice” list every year! It’s completely free to use for public procurement professionals everywhere. Use the tool completely for free if you’re a public procurement professional.
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. Collaborating to find a way.
In this latest vlog, Nick provides an overview of the last quarter with achievements and updates from across the Scottish Procurement and Property Directorate. Nick also touches on upcoming events over the next few months across the Scottish procurement community. And as always, procurement will have an important contribution to make.
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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