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State Dept transforming procurement with category management, streamlined processes

Federal News Network

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 category management approach, organizing procurement around the primary categories of spend.

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IBM wins $903M GSA contract to modernize federal travel and expense management

FedScoop

He continued: “ETSNext will further category management 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.

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GSA taps IBM to support next-generation federal travel and expense platform

Federal News Network

ETSNext will further category management 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.

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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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GSA closes in on enterprisewide software deal with Microsoft

Federal News Network

This change will help to reduce price variance, secure more favorable terms and conditions, and capture 25% in efficiency gains, avoiding the wasted effort of having each agency individually plan, research and negotiate for the same common requirement. GSAs optimism for this time is based on several factors.

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Procurement on the Thames: Ivalua’s London Summer Symposium

ivalua

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 category management and strategic sourcing. The answer is simple – automation.

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What is eProcurement?

ivalua

Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. A typical example is purchase order (PO) updates.