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

American City & Country

Tools like eProcurement platforms, contract management systems, and supplier portals streamline tasks such as order processing, invoice management, and supplier communication. Leverage Technology for Procurement Automation With the rise of digital procurement tools, automating the procurement process has never been easier.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricing contracts. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.

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The FAS realignment: Opportunities for “dead easy?”

Federal News Network

As FAS Commissioner Sonny Hashmi stated in a recent post, “Our regional based employees aren’t going away, but this shift in our structure will meet the growing demand from our customers that FAS respond holistically when it comes to contracting assistance.”

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ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

A purpose-built solution can enforce proper governance and standards, automate master data optimization activities, identify product standardization opportunities, and automate category management for strategic sourcing in supply chain. Demand planning capabilities. Point-of-use data capture.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Predictive Analytics: Uses advanced data analytics, such as machine learning, to predict future demand, analyze potential supply chain risks, and facilitate informed procurement decisions. Prior purchase data is also used for demand forecasting improving resource management and operational efficiency.

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The Impact of COVID-19 on Government Contracting: A Comprehensive Guide

Public Contracting Institute

Shift to Remote Work and Digital Collaboration Impact : The transition to remote work necessitated a new framework for digital collaboration, altering contract management and execution processes. PCI Resource : Government Contracting Courses 2. Navigating the New Normal: Key Areas Affected by COVID-19 1.