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
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.
Cross-departmental collaboration and scalable solutions are important to maximizing ROI and adapting to changing citizen demands within budget constraints.” No question, government procurement is different from acquisitions outside the public sector, Cunningham believes.
As local governments look for ways to stretch their budgets, many are turning to cooperative purchasing, where they can take advantage of the volume discounts states negotiate for office supplies, laptops and even specialized applications.
Ultimate Guide to the Insight of Public Procurement Professionals Public Procurement is a multi-staged activity and requires a thorough understanding of each process to be more successful with the bids. Procurement Formalization- It determines the sources, budget, and approach to formalize the requirements.
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.
The Challenge: Limited Resources, Lengthy Research, and Cumbersome RFP Process The Town of Epping faced a significant challenge in streamlining its procurement operations due to the intricate and heavily regulated nature of government purchasing. This is a widespread issue across government procurementteams.
Leading private sector organizations use ROSMA to look at the value-add by a procurementteam but it has applications for public sector as well. Formula : The annual cost savings driven by procurement / annual cost of the procurement department. This would be reported as: 2,500,000 / 500,000 = 5X.
How Inflation Impacts Procurement Inflation affects a number of aspects within the Manufacturing supply chain, including the ability to compete in the market, financial performance, and overall strategy. This ensures contracts remain favorable and all stakeholders comply with negotiated terms.
Our research found intense and growing pressure on procurementteams with the potential for even darker clouds on the horizon,” Alex Saric, CMO at Ivalua says. The result: Many Procurementteams are bending and cracking under the pressure. The result: Many Procurementteams are bending and cracking under the pressure.
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. A lot of agencies view procurement as a transactional tool for negotiating with suppliers.
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.
Under the BCI, the Office of Management and Budget (“OMB”) will launch a new, centralized data management strategy and tools to allow for greater sharing of price data and information on vendors and contracts across agencies within the Federal Government. Negotiating Common Enterprise-Wide Software Licenses.
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.
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