Remove Budget Remove Contract Management Remove Purchasing
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Strategies for Designing a Contract Management Plan

The Procurement School

Author: Liz Busch Planning for a procurement should consider the entire procurement lifecycle, including contract management and close-out. However, it’s difficult to anticipate everything that may occur after the contract is signed – how does one plan for the unpredictable? Instead, do some research (e.g.

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Evolution of the Status Quo

The Procurement School

Author : Chris Sheel Delivering major capital projects on time and on budget has always been a challenging and elusive goal. Budgets previously developed require reactive revisitation as estimates balloon. Supply chain issues” has become an accepted catch-all term to explain a range of circumstances.

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When should procurement be outsourced?

The Procurement School

Factors which influence outsourcing: Smaller public entities, in terms of budgets, typically do not fund staffing resources for procurement. Instead, departmental staff are expected to successfully manage the process, which is unrealistic. Most institutions have been practicing some form of outsourcing for a while.

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Guide to Modern Vendor Relationships

The Procurement School

Make minor edits to solicitation documents from a previous similar purchase and issue. Start with the solicitation template, using the previous solicitation and contract as references only. Meet with those directly involved to understand the current challenges and how needs have changed since the previous purchase.

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Ivalua Launches Collaboration and AI-Powered Innovations to Help Organizations Improve Supply Chain Resilience and Profitability

ivalua

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture. Procure-to-Pay.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This helps ensure your contracts remain favorable and that all stakeholders comply with the negotiated terms.

Price 105
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Procurement Rising: The Silent Inflation Tax on Manufacturers

ivalua

It also has an impact on procurement teams as they are responsible for managing supplier relationships, identifying opportunities for cost savings, and ensuring that goods and services are delivered on time and within budget. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.