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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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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. What is Smart Public Procurement? Improved procurement strategies could reduce public debt by as much as 1.8%

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Kronos Group and Ivalua join forces to optimise H.Essers’ Purchase2Pay & Contract Management

ivalua

Paris, France – 20 November, 2019 – Ivalua, a global leader in Cloud Spend Management solutions and its key consulting partner Kronos Group have joined forces to successfully deliver Purchase2Pay & Contract Management at H.Essers, a major logistics service provider.

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Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. contract compliance, procurement cycle efficiency). Prior purchase data is also used for demand forecasting improving resource management and operational efficiency.

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DLA turns to automation for head-start on incorporating CMMC requirements in contracting

Federal News Network

Federal Monthly Insights — Contract Management Modernization — 09/10/2024 [link] Download audio Defense contractors aren’t the only ones preparing for the launch of the Cybersecurity Maturity Model Certification 2.0. We’re also leveraging new technology to improve contracting efficiency.”

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How Certified Procurement Professionals Drive Efficiency in Supply Chain Management

The Procurement School

P rocurement, a critical component of supply chain management, is transforming, driven by the expertise of certified procurement professionals. Armed with a Public Procurement Certificate , these individuals bring a new level of efficiency and strategic insight to the field. Join us as we delve into the world of procurement excellence.

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Streamlining Public Procurement: 6 Strategies for Efficiency and Compliance

ivalua

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. When it comes to managing ongoing regulatory compliance, having a dynamic platform is key. Scalability. Modernizing Technology Systems .