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Federal Monthly Insights - ContractManagement Modernization - 9/24/2024 [link] Download audio The State Department is embarking on a transformation in how it performs acquisition. It’s moving to a categorymanagement approach, organizing procurement around the primary categories of spend.
Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care?
ContractManagement is often thought to be the last step in the Procurement life cycle but instead it is both the beginning and end of the procurement cycle and it provides a constant feedback loop. The following article discusses the various steps of contractmanagement and its role in procurement efficiency.
This complex series of business processes includes everything from supplier and categorymanagement to sourcing projects and contract negotiations and often suffers from inefficiency, poor visibility, unnecessary complexity and missed opportunities. Strategic categorymanagement.
Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion. Jollibee Foods Corporation (JFC) is a chain of fast food restaurants with a worldwide store network of more than 5,000 stores.
George held several leadership positions within the agency, including Regional Commissioner of the Greater Southwest Region, and he served as the inaugural Government-wide CategoryManager for Industrial Products and Services.
An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What does Procurement mean? What is Direct Procurement?
But now with strategic sourcing and categorymanagement, the process has become much easier to track, monitor and control. It’s a style of working that produced innovative thinking – but by its nature, could be hit and miss; where “miss” could have a significant negative impact to an organisation’s balance sheet.
Areas to consider include objectives, background, scope, constraints, deliverables, timing, approvals, policy and legislative requirements, evaluation criteria and methodology and contractmanagement including KPIs. Part 2 of The Procurement Journey will continue next month covering posting, evaluation and contract award.
Once a procurement is awarded it moves to contractmanagement whose primary functions are implementation, compliance and issue management. A well written contract is a key enabler of successful contractmanagement as it clearly sets out the expectations of both parties. Fleet and Logistics CategoryManager.
Once the Procurement Journey is completed the procurement is passed to the contractmanager for execution. From procurement management courses to ongoing procurement webinars, resources are available to help you stay informed and up-to-date with the ever-evolving world of procurement. Fleet and Logistics CategoryManager.
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