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New capability optimizes the user eprocurement experience and strengthens supplier relationships. Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the launch of next generation eprocurement capabilities at its Ivalua NOW event. ” More information: [link].
Embarking on an eProcurement implementation can result in more efficient government, improved compliance and increased transparency. Users need to have a say in how the eProcurement system will meet the agency’s current needs and how it will evolve to stay effective in the future. User Acceptance Testing.
Meet the Buyer North, Meet the Buyer South, ProcureX and the National Procurement Conference, along with the GO Awards! On Eprocurement, the MI platform is progressing really well and we’re looking at a proof of concept on the way very soon. Throughout autumn we’ve seen plenty of cross-sector engagement events.
As well in June, we had Meet the Buyer National, a great event that took place in Hampden Park in Glasgow, where businesses, social enterprises, and third sector organisations, all came together with Scottish public procurers. The eProcurement Future Systems programme is moving forward with its initial phase.
Coming from the vendor side, I knew our eProcurement platform had the potential to transform sourcing and purchasing in the public sector. The very last project I worked on really opened my eyes to the promise of eProcurement. Driving impact with eProcurement. Reflecting on the journey. That’s right, I was on the vendor side!
Meet the Buyer North, Meet the Buyer South, ProcureX and the National Procurement Conference, along with the GO Awards! On Eprocurement, the MI platform is progressing really well and we’re looking at a proof of concept on the way very soon. Throughout autumn we’ve seen plenty of cross-sector engagement events.
The fundamental tenets of fairness, value for money, and transparency form the foundation of public procurement and contribute to the development of an atmosphere that benefits suppliers as well as buyers. More and more public sector organisations are using technology to make sure that procurement regulations are being obeyed.
Identify the Pain Areas of the Buyer It is of utmost importance to comprehend the requirements and recognize the torment spaces of the buyer. A tender response should be able to make you stand out from the competition and talk about how your services can add value to the buyer.
Procurement teams were just buyers who delivered what other departments told them to buy. We have tremendous insight into every part of the procurement process and all of the players involved, especially now with the help of eProcurement platforms like Ivalua. Today, procurement leaders have a seat at the table in e-staff meetings.
The task of manually doing this or even using some basic automation would require weeks or months of human work to check each contract to ensure the right language is included given the context of the contract, the supplier and the buyer. Machine reading comprehension technologies enable us to do this automatically and much faster.
The task of manually doing this or even using some basic automation would require weeks or months of human work to check each contract to ensure the right language is included given the context of the contract, the supplier and the buyer. Machine reading comprehension technologies enable us to do this automatically and much faster.
Putting our three imperatives together, it is clear that innovative, collaborative and fast-moving projects involving buyers and suppliers will be the norm, yet these activities will also need to be effective , which means controlled, disciplined and recorded. That’s another area in which technology will assist. .
Buyers must have appropriate plans in place to ensure that the activities outsourced can feasibly be moved to another provider or brought back into the core business if necessary, including in situations where time is short. . Risks, from third-party arrangements must be identified, assessed, monitored and reported.
eProcurement is appealing because it can help agencies move the needle on strategic goals, including project efficiency, stakeholder collaboration, and vendor engagement. The end goal is to drive purchase prices down for the buyer. What strategies are crown corporations using to deal with the current price uncertainty in the market?
This data is transformed into the eProcurement Ontology (ePO) and sorted in the PPDS Knowledge Graphs, which is at the center of the diagram. Public buyers have access to a comprehensive knowledge base to improve their procurement processes and outcomes. Architectural diagram of the PPDS.
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