This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
It’s no secret that procurement professionals nationwide are struggling with budgets, bandwidth and staffing shortages. These roadblocks reveal opportunity though, as teams look toward cooperative purchasing for relief. Big wins for a busy group of people serving a fast-growing community in the Charleston metropolitan area.
With the responsibility of protecting attendees, crowd control, and maintaining security, procurementteams play a critical role in making sure the staff has everything they need to execute the event. Procurementteams must source reliable security services that can scale up depending on the size and complexity of the event.
In his article “ The Future of Public Infrastructure is Digital “, Bill Gates envisions a world where infrastructure is smarter, more efficient, and digitally integrated. However, one critical element often overlooked in these discussions is public procurement.
Author: Larry Berglund As part of the assessment on the ability of a supply chain department to deliver value effectively , is its ability to do so efficiently. To have an objective assessment on efficiency, there should be a set of KPIs or measurement tools to compare. Efficiency metrics examples 1.The
Local governments face issues that range from balancing public safety and individual privacy rights to managing vast amounts of data securely and efficiently. Cross-departmental collaboration and scalable solutions are important to maximizing ROI and adapting to changing citizen demands within budget constraints.”
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.
Since taking on the role in June 2023, Rogers has been committed to overseeing the efficient operation of the town’s government. However, he quickly identified a major hurdle: the town’s procurement process was hampering his team’s productivity and efficiency. personnel hours to complete a solicitation project.
By: Lawson Products In today’s fast-paced world, efficientprocurement is crucial for any entity. As procurement professionals, you are constantly balancing tight budgets, increasing demands, and the need to streamline operations. For agencies facing labor shortages or limited resources, VMI can be a game-changer.
The book gives a clear view of the benefits of cross functional collaboration for procurement and also some actionable insights as to how procurement can foster collaboration with other areas of the business. . By supporting the budget holders they can then deliver value to the organisation.
With an intuitive e-commerce experience, Ivalua’s eProcurement platform will help Hutchinson globalize and streamline purchase requisitions, digitalize and automate large volumes of purchase orders, simplify receiving processes, and improve budget tracking.
Lifted from their latest webinar, Jean-Baptiste Anne from Amazon Business and Vishal Patel from Ivalua offer insights into tail spend management programs and the ROI these programs can generate for procurementteams. . Budgeting challenges as tail spend typically often not planned for . Tail Spend Challenges.
“Manufacturers face significant and complex challenges to ensure their products are launched on time, on budget and meet the highest possible quality standards,” said Pascal Bensoussan, Chief Product Officer. The post Ivalua Announces New Innovations for Managing Direct Materials Spend appeared first on Ivalua.
Manufacturers can off-set the effects of inflation and avoid passing on price increases to their goods and services by maximizing the efficiency and effectiveness of the procurement function. Consequently, staying on top of these financial trends gives manufacturers a critical edge in predicting their bottom line.
And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management. While Ardent expects Procurement to rise to and tackle these challenges, tracking the metrics that matter will help them stay focused for full recovery.
There’s never been a better time to explore creative solutions for stretching budgets further and turning federal infrastructure funding into transformative investments in efficient and sustainable water management. Modifying your approach to procurement can make your business permanently more efficient.
As operating budgets tighten, restrictive spending will pressure businesses to focus on savings and creative alternatives. . Teams also need to to mitigate supply chain risk by prioritizing digital transformation and adopting procurement technology. #4. Inflation will Continue to rise in 2022. More on that here.
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. I’m also really proud that at Scotland Excel, we’ve put in place a national savings team.
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. I’m also really proud that at Scotland Excel, we’ve put in place a national savings team.
The governmentwide day on November 20 will feature expert panels addressing “what’s next” after the election for the future of federal procurement. During this panel, industry experts will provide market intelligence in the wake of the election on anticipated shifts in the federal market, the budget, policies, and acquisition strategies.
If the amount is over the threshold, sourcing is led by the procurementteam, whether through a public bid, NOI, or limited tendering option. eProcurement is appealing because it can help agencies move the needle on strategic goals, including project efficiency, stakeholder collaboration, and vendor engagement.
The BCI strategy is to improve how federal agencies procure innovative technologies and leverage data to make smart buying decisions by utilizing the following four steps as detailed below. Finally, agencies will increasingly use hybrid contract strategies (e.g., combinations of cost reimbursement, firm fixed price, etc.)
Wishing OFPPs Lesley Field a Happy Retirement The Coalition for Government Procurement would like to extend its warmest congratulations to Lesley Field on her upcoming retirement and express gratitude for her remarkable service to the nation and the acquisition community. Listen to the full podcast here.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content