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billion in costs through categorymanagement in fiscal 2024, nearly 29% above their goal for the year. And while no one would say government purchasing has exactly become simple in the intervening 10 years, categorymanagement and best-in-class contracting have done their share of work toward making things better.
Federal Monthly Insights - Contract Management 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.
He continued: “ETSNext will further categorymanagement objectives by consolidating more than 30 data models used across the ETS2 systems into one centralized model.” The technology and expense management service offers audit and reporting functionalities to ensure that travel is compliant with regulations.
ETSNext will further categorymanagement objectives by consolidating more than 30 data models used across the ETS2 systems into one centralized model,” Burke said in a statement. GSA posted its request for proposals for ETSNext in October 2023.
In a report made public Monday , the Government Accountability Office outlined 37 total priority recommendations to improve how the Office of Management and Budget encourages adequate technology-related practices across the federal landscape. Fortunately, the [Chief Data Officer] Council does exist right now,” Sager said. “So
By integrating the EIC’s functionalities in their procurement practices, organizations can dramatically accelerate sustainability agendas with reliable emissions data for all the direct and indirect products and services they acquire, and establish transparent reporting standards.
“In our opinion, you have to take a categorymanagement approach to supplier diversity. Find those categories where there is. The post [Pod] Benchmarking Supplier Diversity to Drive Performance w/ Aylin Basom and Lois Eichacker appeared first on Art of Procurement.
As larger companies have consolidated, there are fewer small businesses; (3) categorymanagement has been pegged by some as resulting in a decrease in overall contracts, as more contracts are pushed to government wide acquisition contracts (or GWACs). Why Are Cases Sustained?
Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to categorymanagement and strategic sourcing. The answer is simple – automation.
The effectiveness of efforts to combat non-competitive practices in the general government procurement market can be assessed because of machine-readable data provided by the government and public analytics tools built by third parties. The data also indicates that buyers are making a concerted effort to improve their planning.
The agency plans to partner closely with industry, she added, and its IT categorymanagement office within the Federal Acquisition Service is in the process of developing an acquisition resource guide for generative AI and specialized computing infrastructure. And it is never sold.”
The Office Of Management and Budget and General Services Administration have been fielding a data integration tool to help contracting officers. Dubbed Co-Pilot, it gathers data from various governmentwide procurement systems, and presents buyers with pricing histories, vendor information and other data to help their decisions.
Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant categorymanagement. Alerts inform you of any deviation which allows you to set up mitigation plans and follow up on corrective actions.
The post [Pod] Stop Shadow Spend in Its Tracks With Improved Data Visibility w/ Emily Campbell and Nick Pinkman appeared first on Art of Procurement. “Even the largest cloud providers are somewhat incentivized to help save their customers money. They know that if they want.
Below, we list a few high-level actions to get you started: Establish a strategy to generate reliable Scope 3 emission data based on categories and spend. It will require a combination of 3rd party data (from sources such as Exiobase, Ademe, CDP, etc), supplier data and spend data (e.g., POs, and invoices).
Below, we list a few high-level actions to get you started: Establish a strategy to generate reliable Scope 3 emission data based on categories and spend. It will require a combination of 3rd party data (from sources such as Exiobase, Ademe, CDP, etc), supplier data and spend data (e.g., POs, and invoices).
They may not consider potential issues of integrations, supplier onboarding, supply chain datamanagement, change management and system optimization, all of which add to complexity and costs. Sustainable master datamanagement and governance: As much as 55% of projects fail due to datamanagement issues.
What have you been seeing over the last several years as you’ve examined the data? Ashley Sanderson The contracting spend has gone. There’s the categorymanagement push, right? It went down in 2021, as we saw, but it has been growing. That’s definitely what we’re seeing.
A recent Ivalua study with Forester identified capacity being consumed by operational and manual activities as one barrier, along with a lack of contextual access to insights, and poor data quality as other blockers. That means the “data layer” which must provide a “unified data foundation”. Help build a shopping cart.
Acquisition is the primary way where the government gets access to the products and services that it needs to deliver on the mission, and it’s data driven process. 100% of acquisition, the heart of the smart modern acquisition is data. And we’ve done significant work over the last few years to get our data position strong.
Build a Solid Data Foundation. The success of any transparency strategy relies heavily on building a solid data foundation, particularly when it comes to suppliers. Data will almost certainly come from a variety of sources – the supplier, employees and a range of 3rd party sources. Take a Portfolio Approach to Category Risk.
O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategic sourcing, supplier relationship management, categorymanagement, vendor quality, sustainability, and compliance.
Felix Zimmermann from the German government shared how Germany is integrating sustainability and inclusion into its practices through a monthly roadmap for ICT procurement, training programs for vendors, digitization, and improving datamanagement, including publishing open contracting data through the Bekanntmachungsservice ÖffentlicheVergabe.de.
Success requires the following: Gain control of enterprise supplier data. Effectively categorymanagement, including assessing and monitoring suppliers and your risk exposure, is not possible without quality data.
The 2020 European strategy for data ear-marked public procurement as a high priority area for the development of common European data spaces for public administrations. In many cases, the data quality needs to be improved. The procurement data governance framework is now planned to be developed in the second half of 2023.
“Should-cost analysis is just a tool. Even if you have a clear breakdown, if you do not have a good. The post [Pod] Getting to Know Should-Cost Analysis w/ Yushiro Kato appeared first on Art of Procurement.
But now with strategic sourcing and categorymanagement, the process has become much easier to track, monitor and control. We still need – for the moment at least – human insight into the data and what to do with it.
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. KARL STORZ aims to support not only veterans receiving care, but also those in the workplace.
The report provides insights into the Federal market, including sales data on the GSA and VA Schedules, government-wide contract vehicles, Federal healthcare contracts, and more. If you have any questions or topics for future reports, please contact Michael Hanafin at mhanafin@thecgp.org.
“If your data feeds back into your upstream processes, that helps you make better decisions and eventually helps the overall. The post [Pod] Designing an End-to-End Ecosystem Approach to Procurement Part 4: Procure to Pay appeared first on Art of Procurement.
When working with federal government contractors, particularly in the federal intelligence sector, it is always fascinating to observe and comprehend how data is utilized, whether it be for identifying opportunities, analyzing past performance, or finding potential partners.
Steps to success The ITVMO first identifies target OEMs by soliciting quantitative and qualitative data from all 24 Chief Financial Officers (CFO) Act agencies.
Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop categorymanagement strategies. . There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . What is Indirect Procurement?
This means categorymanagers must work with suppliers much differently and evaluate them based on a wider array of factors. To do this, you need to have the right data, workflow, and technology that gives a snapshot of supplier profiles and history at the push of a button. Today this rarely exists.
Back to the marketplace – JLL chose Ivalua because of the cultural fit between the firms as well as the strong focus on customer experience, innovation , and data , which matched the JLL philosophy. His long-term vision is a digitally enabled self-serve model for users, with hands-on support when needed and full ”procurement oversight”.
“The reason you need AI is because you never know what you don’t know. Procurement has to be able to. The post [Pod] Exploring the Potential for Applying AI in Procurement w/ Florin Tufan appeared first on Art of Procurement.
When working with federal government contractors, particularly in the federal intelligence sector, it is always fascinating to observe and comprehend how data is utilized, whether it be for identifying opportunities, analyzing past performance, or finding potential partners.
The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. First, categorymanagers should look to investment professionals and take a broad portfolio view of supplier risk management.
According to Sajid Kunnummal, Vice President and CPO at Navistar, supply chain data visibility is the number one driving force behind creating resiliency. “It Navistar is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and categorymanagement.
According to Sajid Kunnummal, Vice President and CPO at Navistar, supply chain data visibility is the number one driving force behind creating resiliency. “It Navistar is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and categorymanagement.
He also talked about the recent release and the new features there, such as a new user interface across the platform, a new categorymanagement module (which I want to investigate more) and an integrated “digital assistant” at platform level.
“We usually call it the ‘paradox of choice’ when everybody wants selection but, if you put too much selection in. The post [Pod] Preparing to Meet Traveler Expectations in the Face of the Unknown w/ Martin Biermann appeared first on Art of Procurement.
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