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

American City & Country

Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing.

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

ivalua

According to the panelists, there are some key features and functionality that make best-in-class supply chain solutions a better choice for healthcare organizations: Guided procure-to-pay compliance: The concept of compliant purchasing in healthcare encompases the front-end user experience. Demand planning capabilities.

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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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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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Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

Upstream covers all the strategic procurement activities such as spend analysis, sourcing, contract management and supplier management (which includes supplier information, risk and performance management). Either through data analysis or demand from the business–there is a need to execute a sourcing event.

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When should procurement be outsourced?

The Procurement School

The cost of outsourcing the services is offset by benefits of lower costs for goods and services; improved contract management; the ability to meet fluctuations in operational priorities; access to advisory services; and objective decisions void of potential conflicts. Outsourcing deliberations demand a measured business case.

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Supporting the introduction of Social Security Benefits in Scotland – Major Programmes Implementation Procurement Team (MPIP)

Scottish Government Procurement

MPIP adapted the procurement documentation to meet the demands of Agile delivery. Dynamic Purchasing System (DPS) – The volume, intensity and pace of the support required resulted in the creation of a DPS to support specialist digital procurements and projects.