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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.
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.
Creating Lasting Value Across Your Source-to-Contract Process. The source-to-contract process is where Procurement identifies and creates value for their organization. Strategic categorymanagement. Streamlining contract creation and cycle times. Demo Breakout.
Congratulations to the following 2023 EIP Awardees: Lifetime Acquisition Excellence Presented to individuals in the contracting community (government or industry) for demonstrating a life-long commitment to advancing “common sense in government procurement.”
Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Demand planning capabilities. It seems that the era of best-in-class supply chain solutions has arrived.
Redwood City, CA – October 26, 2020 – Ivalua, a leading global spend management cloud provider, and Consus, a leading global supply chain solutions provider, today announced that Jollibee Foods Corporation (JFC) has successfully deployed Ivalua’s platform to empower its procurement digital transformation, with Consus leading implementation.
We were excited to provide a forum for the acquisition community to continue the conversation on “What is Fair and Reasonable” when it comes to government market conditions, contract terms, procurement policies, and regulations.
Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop categorymanagement strategies. . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.
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.
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.
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.
Step 5 Award & Close Out The highest ranked bidder is notified of the award subject to signing the contract and providing Certificates of Insurance. Once the Procurement Journey is completed the procurement is passed to the contractmanager for execution. Fleet and Logistics CategoryManager.
The Department of Government Efficiency (DOGE) wasted no time accessing some federal IT systems and scrutinizing contracts. As policy, regulations, funding, and contract strategies of this administration emerge, contractors must be ready to meet new expectations. Ultimately, winning federal contracts means staying ahead of change.
President Donald Trump is expected to sign an executive order in the coming days that would put the General Services Administration in charge of buying all products and services that make up the 10 areas of categorymanagement.
Meanwhile, President Donald Trump is expected to sign an executive order in the coming days that would put GSA in charge of buying all products and services that make up the 10 areas of categorymanagement. GSA is also looking to cut about 50% of its governmentwide real estate portfolio.
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