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Understanding the new Procurement Act 2023: What suppliers need to know - Part 2

VWV

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 Part 1 of our FAQs for suppliers , we covered key changes to the procurement process and what suppliers can do to get ready for the Procurement Act.

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How to Benchmark Supplier Diversity Performance

Art of Procurement

The post How to Benchmark Supplier Diversity Performance appeared first on Art of Procurement. If there were a shortlist of core procurement skills, benchmarking would undoubtedly be on it. And yet, for the ease.

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Preparing for the central digital platform: Key updates, supplier actions, and data protection insights under the Procurement Act

VWV

With the Procurement Act 2023 set to go live on 24 February 2025, the Cabinet Office has been releasing guidance notes to help both contracting authorities and suppliers prepare. Supplier information Suppliers will need to act promptly once the platform is live. details of connected persons).

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Revisiting the Importance of Supplier Watchlists

Art of Procurement

The post Revisiting the Importance of Supplier Watchlists appeared first on Art of Procurement. When the Chinese surveillance balloon was finally ‘removed’ from the sky over the Atlantic Ocean on February 4th, we all.

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

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. Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships.

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Triggering results with better supplier information

ivalua

In my last blog post , I talked about how the need for better supplier information was a dominant theme across the automotive industry, as well as for many other discrete manufacturers. The impact suppliers have on the products you make and sell, good and bad, is just too significant to be ignored. Here are three examples.

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The final countdown: National Procurement Policy Statement and new guidance

VWV

A new element of the NPPS, as compared with previous versions, is the focus on ensuring suppliers uphold the highest standards of integrity, ethical conduct and environmental sustainability in business. This aligns with the stronger sanctions in the Act relating to performance, exclusions, and debarment.