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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

Your procurement strategy should outline short-term and long-term goals, identify potential risks, and focus on building strong supplier relationships. These contracts are competitively bid and offer access to a broad range of goods and services at negotiated rates, making them ideal for organizations of all sizes.

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When should procurement be outsourced?

The Procurement School

Their CFO is required to ensure value for money and compliance with competitive bid laws. Consistently, external auditor findings have shown the lack of professionalism in procurement to be a financial problem often accompanied with ethical dilemmas. Outsourcing is a logical option.

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Simplifying Public Sector Procurement: Strategies to Increase Sme Participation

The Procurement School

The suggestions apply to all segments of competitive bidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement. Procurement service providers work closely with public sector procurement consultants to streamline processes, maintain transparency, and uphold ethical standards.

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Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

When a single supplier is the only option for your procurement needs, understanding the nuances becomes essential. This step is crucial to ensure that the selection of a single supplier is justified as the only available source for a product or service. But what happens when only one supplier can fulfill a specific requirement?

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How Consultants Help Identify and Mitigate Risk

The Procurement School

Competitive bids need to be issued; policies updated: contracts need active oversight; staff hiring and retention; trade agreement obligations; supplier performance evaluations; or Indigenous engagement must be factored in to the decision-making. Supplier performance had never been measured.

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Negotiating Contracts in Canada: Tips for Contract Managers

The Procurement School

Competitive bids need to be issued; policies updated: contracts need active oversight; staff hiring and retention; trade agreement obligations; supplier performance evaluations; or Indigenous engagement must be factored in to the decision-making. Supplier performance had never been measured.

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Understanding the Procurement Cycle: From Need Identification to Contract Closure

The Procurement School

If I have a procurement that will be seeking a solution from the vendors or suppliers, and I have multiple evaluation criteria, I will use a Request for Proposal (RFP). Allows suppliers to provide different solutions to the defined expected result. The Vendor (or Supplier) should tell you how they will do the work.