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When it comes to procurement, having a clear, strategic approach is key to delivering value to your organization. Whether you’re in education, government, nonprofit or the private sector, procurement can be a powerful tool for maximizing savings, streamlining operations, and ensuring compliance.
Federal Monthly Insights - ContractManagement 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.
Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. Data-driven decision-making enables procurement teams to improve performance and align with wider organisational goals including corporate social responsibility and risk management.
A big challenge in public sector procurement is being able to attract and retain competent staffing. A frequent conversation, within senior leadership circles – will we be better positioned if we outsource our procurement services? Instead, departmental staff are expected to successfully manage the process, which is unrealistic.
Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.
We’re pleased to welcome a blog from Denis McFadden, Deputy Director, Procurement Services Division to reflect on the procurement role MPIP have played in supporting and enabling the delivery of new Social Security benefits in Scotland. MPIP adapted the procurement documentation to meet the demands of Agile delivery.
Public procurement encourages collaboration between government and private enterprises, in turn allowing public authorities to achieve sustainable and circular practices. The following blog will provide a more detailed exploration of creating sustainable procurement strategy, their benefits and challenges during implementation.
Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.
What are the pros and cons, and what supply chain strategy will pave the way to higher margins, improved supply chain risk management in healthcare and improved patient care? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts. Demand planning capabilities.
How do Chief Procurement Officers and their teams leverage digital transformation to take control of their data and better deliver against their strategic objectives? . Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supply chain challenges.
To celebrate Scot Climate Week 2023 , in this blog we want to remind you of the eLearning available to help you to embed climate action in your procurement activity. We know that procurement professionals have an appreciation of how public procurement activity can support net-zero aims for their organisation and Scotland as a whole.
As public procurement teams face increasing pressure to improve efficiency while upholding compliance and transparency, it’s essential that they have the right strategies in place. After all, how can you streamline procurement processes without sacrificing your standards? Processes and Compliance. Scalability. Data Insight Strategy.
Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . They’re also ramping up usage in contractmanagement. . One View to Connect Procurement and Finance: Addressing the Visibility Gap and the Liquidity Gap.
Part I: Bridging the Gap between Procurement and Finance. To achieve their long-term goals, they needed to bridge the gap between their procurement and finance teams. . They’re also ramping up usage in contractmanagement. . One View to Connect Procurement and Finance: Addressing the Visibility Gap and the Liquidity Gap.
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.”
Suppliers can support company growth as part of the Amrest procurement journey. Part of procurement, driven by finance–payment is a key part of the supply chain partnership. . ESG and the sustainable supply chain is also important within the procurement process. . Part of the Solution. How can Amrest start this journey?
It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers.
The pandemic initially impacted supply and demand on many items but now there is a broader material and labour landscape that needs to be closely examined, understood, and carefully navigated. The procurement world around us is changing rapidly.
If they needed contractmanagement, they put a contractmanagement system in place. If they needed an ERP system or a workforce management system, they would define their requirements and either select a system to implement or build their own. . Frankly, they are struggling.
Shift to Remote Work and Digital Collaboration Impact : The transition to remote work necessitated a new framework for digital collaboration, altering contractmanagement and execution processes. PCI Resource : Government Contracting Courses 2. PCI Resource : Masters Academy: Best Practices in International Contracting 5.
Simply put, the Federal Acquisition Regulation (FAR) is the primary rulebook governing all federal government procurement processes. As you navigate this guide, expect to uncover the intricacies of FAR, how it’s structured, and what it means for contracting with the federal government. government procurement. What is the FAR?
Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contractmanagement solution for both authoring or contract repositor. A specific application for Procurement involves contract analysis.
Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contractmanagement solution for both authoring or contract repository. A specific application for Procurement involves contract analysis.
In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.
Customer demand for a wide range of consumer goods has abruptly shifted. Chaos from the coronavirus has made clear that procurement & supply chain practices need to get smarter. Industries that were prospering until last year are in bankruptcy now. Supply chains have been badly disrupted.
The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave™: Source-To-Contract Suites, Q4 2019. It covers spend analysis, sourcing, contractmanagement and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant.
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.” government should be careful in its procurement and use of these tools.
The EIP Awards recognize individuals and organizations in the Federal procurement community who make significant contributions to the acquisition system. Prepare for 2025: Post-Election Federal Procurement Insights at the Fall Training Conference The 2024 Fall Training Conference – The 2025 Federal Market: What’s Next?
The second, authored by Andrew Bartels and published on December 18, is The Forrester Wave : Source-To-Contract Suites, Q4 2019. It covers spend analysis , sourcing, contractmanagement and supplier risk and performance management (SRPM), similar in scope to Gartner’s Strategic Sourcing Application Suites Magic Quadrant.
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.”
Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. Explore how contractmanagement can help your company manage all contract processes in one place. . After all, customer demand impacts your purchasing requirements. .
This procurement will mark a key milestone as we continue to incentivize more production and delivery of clean energy,” said GSA Administrator Robin Carnahan, who also emphasized the role of the government’s buying power in supporting demand for carbon-free electricity. To view the slides from the presentation, click here.
Looking to secure a government contract? Navigating federal procurement can be challenging, but our guide simplifies the journey. Learn how to establish your business, tap into government needs, and bid effectively to win contracts. To begin, one must familiarize oneself with the various contract types in federal procurement.
In quick succession after the UK Government published its AI Opportunities Action Plan , the National Audit Office (NAO) released its report Governments approach to technology suppliers: addressing the challenges (the NAO digital procurement report).
Wondering what its like working for a contracting company that serves government contractors ? These roles offer higher pay and diverse job opportunities, but they come with strict regulations and reporting demands. Mid-level contractmanagers use their judgment independently and can modify standard procedures to meet specific needs.
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