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Contract Management’s Impact on Procurement Efficiency

The Procurement School

Contract Management 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 contract management and its role in procurement efficiency.

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AMER 2021 Day 2 Demo Two

ivalua

This complex series of business processes includes everything from supplier and category management to sourcing projects and contract negotiations and often suffers from inefficiency, poor visibility, unnecessary complexity and missed opportunities. Strategic category management.

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What’s the Difference Between Direct vs Indirect Procurement?

ivalua

Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. Implementation is challenging: Healthcare organizations tend to underestimate what’s involved with successful implementation.

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Announcing the 2023 Excellence in Partnership Award Recipients!

The Coalition for Government Procurement

George held several leadership positions within the agency, including Regional Commissioner of the Greater Southwest Region, and he served as the inaugural Government-wide Category Manager for Industrial Products and Services.

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Thank You for a Successful Spring Training Conference!

The Coalition for Government Procurement

Day One Speakers Keynote Speakers: Christine Harada , Senior Advisor, OFPP, OMB Moshe Schwartz , President, Etherton and Associates Panelists: Bonnie Evangelista , Acting Deputy Chief Digital and Artificial Intelligence Officer for Acquisitions, DoD Polly Hall , Senior Advisor to the Chief Procurement Officer, DHS Udaya Patnaik , Chief Innovation (..)

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Ivalua Now and the Art – or is it the Science – of Procurement?

ivalua

But now with strategic sourcing and category management, the process has become much easier to track, monitor and control. Add sourcing workflow to the mix, and introduce machine learning that can link directly to the supplier and track savings, then you can start to see where the science comes in.