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
This guide breaks down the crucial steps: identifying contracting opportunities, understanding procurement processes, and building relationships with government buyers. Key Takeaways Understand the unique decision-making dynamics and purchasing policies of government buyers to tailor your offerings and build strong relationships.
The most important section in your federal proposal and contract will always be pricing – just ask any CEO or federal buyer. But in today’s government market, there are a lot of areas that can confuse a contractor’s pricing strategy. And when you win the bid, the questions remain: “will we make a profit?”
This implies using simple processes for straightforward transactions and more sophisticated processes for complex ones, such as relational contracts introduced by Nobel Laureate Oliver Hart during the event. Sir Oliver Hart explains the guiding principles during the IDB event on Sept.
Social Selling has emerged as a powerful strategy to engage with federal agency buyers and teaming partners. Next he explains when and how to engage to become 'findable' and 'attractive' to potential buyers. So it is crucial to reach and connect with these potential buyers. It is just a process. Visibility.
Moreover, understanding the procurement processes of government agencies can significantly enhance your marketing efforts, allowing you to tailor your strategies to meet the unique needs of these major buyers. Government agencies as major buyers The U.S.
billion across various sectors, highlighting the importance of staying informed about federal contracting data to find government contracts and government contract bids. A comprehensive and up-to-date profile increases your chances of being noticed by government buyers. Remember, persistence and strategic planning are key.
The government took three key steps: i) careful planning for the green transition; ii) implementing green public procurement (GPP) in practice with a focus on building the capacity of public buyers; and iii) learning powered by data-driven monitoring with a public dashboard. Or how could buyers minimize the very real risk of greenwashing?
Our Director, Nick Ford, returns with his second vlog of 2024! In his latest vlog, Nick provides an update highlighting what we’ve achieved over the last quarter, including exciting events and recent publications, as well as what’s coming up over the next few months across the Scottish procurement community.
GSA Schedules, also known as Multiple Award Schedules (MAS), provide pre-negotiated prices for millions of commercial products and services, making procurement more efficient for federal, state, and local government buyers. Frequently Asked Questions What are NAICS codes, and why are they important? Why is DCAA compliance important?
Recognizing the value that public sector and education buyers can realize through AWS Marketplace, an increasing number of education technology (EdTech) and workforce development companies are listing their products on AWS Marketplace. Recently, we were working on a significant deal with one of our top EdTech customers in EMEA.
Looking ahead, Nick also shares some of the events and publications you can look forward to seeing in the near future. Throughout autumn we’ve seen plenty of cross-sector engagement events. Meet the Buyer North, Meet the Buyer South, ProcureX and the National Procurement Conference, along with the GO Awards!
Why is visibility so important? Procurement technology can also help businesses improve supplier relationships and enhance communication between buyers and suppliers. Supply chain disruptions are becoming more and more common, so it’s important for businesses to be proactive in mitigating risk.
This emphasises the importance of being on the right framework agreements for suppliers. For suppliers, securing a position on an essential public sector frameworks list is more important than ever. Receive real-time alerts about events that impact your business, often before they are published. In 2023, the U.S.
Why is this new C2FO partnership important? Ivalua’s global reach of buyers and their suppliers helps us deliver on our mission-providing access to working capital to businesses so they can grow and thrive. C2FO: Buyers on the Ivalua platform can pay their suppliers early and proactively set goals for return on their cash.
The platform provides information on contracts available for bidding, buyer behaviour tracking, and market data to facilitate the tendering process. Buyer and competitor tracking: The platform can track the activities of potential customers and competitors.
The buyers may feel good they have firm pricing but have little idea as to how much extra this is costing. If prices slide the buyer doesn’t gain and the advantage goes to the seller. We see this where cities host major events such as the Olympics, Grey Cup finales or annual fairs. The ice is tilted against the buyer.
But why is this so important for business, and what does it mean for prospects and customers? How important is this partnership to both Ivalua & TransferMate? By removing the friction in global supply chains, for the first time, the payment and the sourcing event are seamlessly linked.
The Coalition appreciates the efforts of FAS to maintain dialogue with industry on this important guidance. GSA’s proposed legislation would address these government buyer needs and will fundamentally improve procurement operations for agencies and the American people. Small business opportunities. Sustainability.
Allows government buyer to consider vendor feedback and make changes before issuing the solicitation. Solicitation Processes Once a government buyer has issued a solicitation, they must balance meeting the government’s needs with maintaining the interest of quality vendors. Avoid jargon and spell out acronyms.
Initially, I was introduced to the essentials of working in government, completing ‘Data Protection’ and ‘Climate Literacy’ training and certification, educating me on the importance of maintaining data security within the organisation and helping me to understand the ways that procurement can support Scotland’s ambitious net zero targets.
Another major development in terms of the future Procurement role is the increasing importance of the agenda around sustainability and purposeful business, which again has relevance to the collaboration imperative. . Sometimes action can be taken by the buyer that either does not affect the supplier or just requires their agreement.
Why is it important to put the sparkle back into your Supplier Relationships? This involved designing and building solutions to support the Source to Pay and Order to Cash journeys for Buyers and Suppliers. Steve has been involved in a vast number of procurement solutions and has run procurement events and won tenders.
While the events of the pandemic created a number of new arguments, reckonings, and theories, one concept that was revisited for the umpteenth time was that of shorter working weeks. A reduction to four-day weeks or even five-hour days – sounds ideal, doesn’t it?
The answer is to develop a contract management plan that includes strategies for: Establishing a positive relationship between the owner (or buyer) and the contractor; Identifying problems early; and Adapting for unexpected. This is the most important step to help avoid issues caused by misunderstandings later.
Looking ahead, Nick also shares some of the events and publications you can look forward to seeing in the near future. Throughout autumn we’ve seen plenty of cross-sector engagement events. Meet the Buyer North, Meet the Buyer South, ProcureX and the National Procurement Conference, along with the GO Awards!
The Coalition appreciates the efforts of FAS to maintain dialogue with industry on this important guidance. GSA’s proposed legislation would address these government buyer needs and will fundamentally improve procurement operations for agencies and the American people. Small business opportunities. Sustainability.
In the first case, the buyer is obligated to pay the minimum amount, whereas in the second case, the clause might be adapted pursuant to Articles 112 and 113 of the Brazilian Civil Code. Mr. Vasconcellos stressed the importance of carefully drafting these clauses to avoid interpretative confusion in case of disputes. Finally, Ms.
Effective contract management is important to the success of a business and contract lifecycle management software enables digitization and automation of this critical process. Why is it Important to Manage Contracts? If you think about it, a contract is the only document that formalizes a relationship between a buyer and a supplier.
One key aspect of our program is teaching you how to effectively nurture relationships with government buyers and prime contractors. Through this program, participants learn about government acronyms, terminology, and important websites essential for navigating the procurement landscape. Don’t take our word for it!
These challenges in the direct material supply chain pose a real threat, especially in a time of crisis and let’s face it, there is no shortage of events that could jeopardize and/or disrupt a business, potentially impacting their profitability, business continuity, image, and reputation. Financial, etc.).
This is an especially important message for manufacturers’ supply chain organizations. Internally, buyers and engineers must work with quality and product; then that cross-functional group must collaborate with external suppliers. It’s the convergence of these forces that Gartner predicts will drive the business of the future.
If you missed the event, don’t worry! When we asked participants how they’re approaching price uncertainty, they spoke about the importance of system portability. The end goal is to drive purchase prices down for the buyer. How important is planning to procurement project success?
The afternoon of the first day at the Ivalua Now event in Paris had a strong AI (artificial intelligence) flavour. Soft skills and leadership are key enablers for procurement teams and are as important as technological competence. Now there’s an interesting question – if AI had a flavour, what exactly would it be? Fresh mint, maybe?
Small Business Administration) These figures underline the importance of addressing the decline in veteran-owned businesses and supporting measures to help them thrive. By the numbers: Veteran-Owned Business Impact: Parameter Detail Number of Businesses Over 2.5 million Employment 5.8 million jobs Annual Sales $1.14 trillion (Source: U.S.
They implemented three core strategies: Digitizing procurement Des Moines understood that digitizing procurement would be an important part of improving the vendor experience and increasing internal efficiency. City buyers now also meet regularly with departments to discuss upcoming solicitations.
It confirms, I think, what we already knew, that Scotland has a long and effective history of supplier engagement and development and that our buyers are motivated by a real desire to support local economies and support the people of Scotland. And then, innovation has always been at the heart of what we do.
Not only does it serve as a gateway to numerous business opportunities, but it also acts as a marketing tool for showcasing your capabilities to potential government buyers. Industry days and special events, listed under ‘Special Notices,’ are particularly valuable as they allow direct interaction with government decision-makers.
As a procurement manager, you know how important suppliers are to your organization. Among them are aggregators that bring together buyers and sellers. They host requests for bids and tenders from buyers and allow vendors to submit bids to multiple organizations. Aggregators Vendor networks come in several forms.
Fast-forward 10 years and Bonfire’s eProcurement platform has streamlined the process for 451,506 global users (and counting), including buyers, vendors, and evaluators. Looking to the next 10 years and beyond, we’ll continue to provide a platform to elevate procurement’s importance and enable strategic decision-making.
The importance of an entity’s SAM account lies in maintaining accurate and updated information for federal contracts. It also enhances your credibility among government buyers, signaling that your business is prepared and qualified to handle federal contracts. The System for Award Management (SAM) serves as the U.S.
Other Upcoming Events The Coalition will have a packed calendar leading up to the Fall Training Conference! Check out the list of upcoming events and register below: October 3 : Webinar: Bid Protests and Other Recent Federal Contract-Related Litigation – and Impacts on Contractors – Click here to register.
Either through data analysis or demand from the business–there is a need to execute a sourcing event. The contracts govern the relationship between the buyer and supplier, an essential process to inform Procure-to-Pay. This rise in importance is due to the potential value that S2P initiatives can deliver.
This view seems to support the primacy of documentary evidence, particularly in the electronic era, where documents provide an almost complete record of the events that transpired. However, it is also important to keep in mind, as Dr. iur. However, further encouragement is clearly needed.
In any event, Ms. Krueger Pela explained that such clauses are not a mechanism for the revision of the price, but rather for its determination , if the informational asymmetry between the buyer and the seller creates the need for part of the purchase price to become dynamic and contingent.
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