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billion in costs through categorymanagement in fiscal 2024, nearly 29% above their goal for the year. To celebrate our 25th anniversary in 2025, we’re spotlighting 25 pivotal moments that reshaped the way the government operates. By the end of fiscal 2024, $384 billion of the governments contract obligations or 78.5%
Vishal Patel and Peter Hunt delivered their session ‘Creating Value with StrategicSourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to categorymanagement and strategicsourcing.
Sustainable master data management and governance: As much as 55% of projects fail due to data management issues. ERP solutions often lack robust capabilities around managing all of the data attributes for products and vendors, and cannot update them in real time or in an automated fashion. Demand planning capabilities.
The Coalition for Government Procurement would like to thank everyone who attended and participated in this week’s Spring Training Conference – What is Fair and Reasonable, Part 2: Let’s Continue the Dialogue!
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.
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 strategicsourcing from a categorymanagement perspective. This is particularly true for sub-federal entities.
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