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
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.
And then just this month, Meet Buyer North took place in Aberdeen where the Supplier Development Programme and headline partners, Scotland Excel, hosted the seventh annual Meet the Buyer North. The eProcurement Future Systems programme is moving forward with its initial phase. A really good and enjoyable event.
Embarking on an eProcurement implementation can result in more efficient government, improved compliance and increased transparency. Each process or system that is transitioned needs to be managed independently to minimize the impact to suppliers and preserve the integrity of centralized data. User Acceptance Testing.
Having a solid understanding of public procurement principles enables procurement professionals and suppliers to confidently navigate public sector procurement. A transparent approach lowers procurement risk, prevents corruption, and fosters confidence between suppliers and public sector organisations.
Most government institutions have a Supplier Database and it is important to get yourself registered in the respective portals to secure a free and fair chance to bid. Identify the Pain Areas of the Buyer It is of utmost importance to comprehend the requirements and recognize the torment spaces of the buyer.
eProcurement is appealing because it can help agencies move the needle on strategic goals, including project efficiency, stakeholder collaboration, and vendor engagement. We also discussed the strategy of reverse auctions in which suppliers compete to offer the lowest price possible.
Why did these outsiders want to know about our key strategic suppliers? . 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. .
Procurement teams were just buyers who delivered what other departments told them to buy. For example, in many organizations, different business units buy similar products from multiple suppliers instead of buying everything from one supplier and benefiting from economies of scale. It’s changed dramatically.
Agility means finding, assessing, selecting, onboarding, contracting and going live with suppliers rapidly and in a manner that is as painless as possible for everyone. But agility also requires the right attitude, and of course we need agile suppliers too – but that’s another story! .
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.
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.
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