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Procurement can’t afford to be a digital laggard in today’s complex landscape

ivalua

In today’s turbulent business landscape, the challenges facing organisations have become increasingly complex, with uncertainty from geopolitical events such as Brexit and tariff negotiations impacting day-to-day operations. Leading the charge in navigating this constantly shifting trading environment is the Procurement department.

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Australian Arbitration Week Recap: Hot Cakes & Hot Takes—Trends and Developments in Asia’s Energy Sector

Kluwer Arbitration

This contrasts with a more conciliatory approach leading to negotiated outcomes that had previously prevailed in Asia, as discussed further below. By contrast, Australian clauses often include a last step of arbitration if a negotiated price cannot be agreed. ICC, SIAC).

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Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

When a single supplier is the only option for your procurement needs, understanding the nuances becomes essential. This step is crucial to ensure that the selection of a single supplier is justified as the only available source for a product or service. But what happens when only one supplier can fulfill a specific requirement?

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Negotiating Contracts in Canada: Tips for Contract Managers

The Procurement School

Competitive bids need to be issued; policies updated: contracts need active oversight; staff hiring and retention; trade agreement obligations; supplier performance evaluations; or Indigenous engagement must be factored in to the decision-making. Supplier performance had never been measured. What type of payment method should be used?

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How Consultants Help Identify and Mitigate Risk

The Procurement School

Competitive bids need to be issued; policies updated: contracts need active oversight; staff hiring and retention; trade agreement obligations; supplier performance evaluations; or Indigenous engagement must be factored in to the decision-making. Supplier performance had never been measured. What type of payment method should be used?

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Procurement Best Practices in 2021? 8 Procurement Predictions from Ardent Partners

ivalua

Prediction 3: Procurement will drive critical business strategies in 2021-22. The next big trend outlined in Bartolini’s presentation is Procurement’s growing business impact. We expect sourcing leaders will be reevaluating their suppliers and bringing more RFPs to market.”. Ardent Partners Big Trends, February 2021.