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

ivalua

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 procurement teams is to stay ahead of inflationary trends so they can anticipate needs and adjust accordingly before problems arise.

Price 105
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Governments need to plan for the entire product lifecycle when they purchase technology today

American City & Country

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.

professionals

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States put buying power to work for local governments

NASPO

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.

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Ultimate Guide to the Insight of Public Procurement Professionals

Tendersinfo

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.

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Creating Tail Spend ROI Through an Improved Buyer Experience

ivalua

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 procurement teams. . Budgeting challenges as tail spend typically often not planned for . Tail Spend Challenges.

Buyers 52
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Embracing Technology: How Epping, NH Revolutionized Its Purchasing Process

American City & Country

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 procurement teams.

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Balancing Efficiency and Effectiveness in Procurement

The Procurement School

Leading private sector organizations use ROSMA to look at the value-add by a procurement team 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.