Remove Category Management Remove Goods & Services Remove Purchasing
article thumbnail

3 Ways Procurement Can Help Grow Revenues (Part 2)

ivalua

Supplier-led innovation can help increase margins, accelerate time to market and differentiate products/services to capture market share. Even in indirect purchasing, giving suppliers more flexibility in how they meet requirements can increase savings and sustainability. Unlocking Supplier-Led Innovation.

article thumbnail

Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

Needs analysis ensures an accurate understanding of the goods / services being procured. Areas to consider include objectives, background, scope, constraints, deliverables, timing, approvals, policy and legislative requirements, evaluation criteria and methodology and contract management including KPIs.

article thumbnail

Navigating the 5 Steps of the Procurement Journey Part 2

The Procurement School

To ensure bidders are qualified to provide the required good / service it is recommended they score at or above a minimum technical threshold to proceed to the next evaluation stage. Obtaining a procurement certification or a purchasing certificate can be a wise decision for those aspiring to excel in public procurement.

Bidder 52
article thumbnail

What’s the Difference Between Direct vs Indirect Procurement?

ivalua

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.

article thumbnail

Procurement & Contract Planning: Canadian Public Sector Guide

The Procurement School

Rated Criteria The technical evaluation criteria needs to align clearly with the scope / performance requirements of the good / service being procured. Procurement service providers work closely with public sector procurement consultants to streamline processes, maintain transparency, and uphold ethical standards.

article thumbnail

what is the difference between public and private sector procurement?

The Procurement School

demand aggregation As one strategy for meeting this obligation, both sectors look for opportunities for volume buying or ‘demand aggregation’ wherever possible and often approach strategic sourcing from a category management perspective.