Remove Contract Management Remove Import Remove Procurement Strategies
article thumbnail

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

American City & Country

Develop a Strategic Procurement Plan Procurement shouldn’t be reactive; it should be proactive. Start by developing a strategic plan that aligns procurement goals with your organization’s overall objectives. This not only reduces manual labor but also minimizes errors and improves procurement efficiency.

article thumbnail

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

Inter-American Development Bank

This would result in large monetary and transactional savings for governments because, for example, approximately 25% of public contracts in the region require time extensions averaging nearly double their original terms, while around 13% experience budget increases of up to 50%. of GDP, according to FISLAC calculations.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How Certified Procurement Professionals Drive Efficiency in Supply Chain Management

The Procurement School

We will uncover how their expertise contributes to supply chain management’s efficiency and success. Join us as we delve into the world of procurement excellence. The Importance of Certification in Procurement Certification in procurement stands as a critical element for professionals in this field.

article thumbnail

Procurement Act 2023: What’s next and why you should act now

VWV

The Government has now launched a National Procurement Policy Statement stakeholder survey, inviting input from the public sector and suppliers regarding procurement priorities. It is also worth pointing out that the NPPS does not apply procurements by devolved authorities who will have their own procurement policy documents.

article thumbnail

Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

These steps may not apply to every procurement but once completed they will inform the procurement strategy which then leads to development of procurement document. Needs analysis ensures an accurate understanding of the goods / services being procured.

article thumbnail

When should procurement be outsourced?

The Procurement School

Outsourcing the procurement expertise is a growing option for smaller entities to consider. Many smaller public entities have formal associations [1] where they do outsource their procurement needs. Procurement policies need to reflect current strategies and practices to be credible. Outsourcing is getting attention.

article thumbnail

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). This rise in importance is due to the potential value that S2P initiatives can deliver.