Contract Management, Management and Procurement Strategies

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

ivalua

FEBRUARY 10, 2023

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.

Price

Price Supply Chain Supplier Procurement Team

Digital Technology Assurance Framework – Procurement insights

Scottish Government Procurement

FEBRUARY 8, 2024

In our analysis of recommendations from major digital reviews we have found three distinct themes relating to procurement and contract management.

Procurement

Procurement Tender Public Procurement Contract Management

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

American City & Country

NOVEMBER 18, 2024

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.

Purchasing

Purchasing Procurement Supplier Supply Chain

Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

Tracker Intelligence

NOVEMBER 20, 2024

Advanced analytics tools are being integrated into procurement operations, enabling public and private organisations to rethink procurement processes, supplier relationships and cost optimisation. Analytics can help organisations to identify opportunities for cost savings, improved contract compliance and better procurement strategies.

Efficiency

Efficiency Data Procurement Supply Chain

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

VWV

OCTOBER 15, 2024

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.

Procurement

Procurement Supplier Tender Procurement Strategies

Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

SEPTEMBER 15, 2023

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.

Procurement

Procurement Bidder Procurement Strategies Evaluation

How the National Procurement Policy Statement Will Help Transform Public Procurement

VWV

JUNE 15, 2021

The UK Government is now able to set its own agenda for public procurement and this is reflected in the policy statement. What Does the National Procurement Policy Statement Say? Making sure contracting authorities have the right organisation capability and capacity.

Public Procurement

Public Procurement Procurement Procurement Team Procurement Strategies

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

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Supplier

Supplier E-procurement Supply Chain Purchasing

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

Inter-American Development Bank

OCTOBER 31, 2024

Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM). of GDP, according to FISLAC calculations.

Public Procurement

Public Procurement Procurement Strategic Planning Balance

Advancements in Transparency and Integrity through Blockchain in Public Procurements

Public Contracting Institute

APRIL 1, 2024

The technology’s inherent characteristics support a more transparent and efficient procurement process, laying the groundwork for significant reforms in public sector procurement strategies.

Public Procurement

Public Procurement Transparency Integration Integrity

What’s the Difference Between Direct vs Indirect Procurement?

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis.

Procurement

Procurement Supply Chain E-procurement Procurement Team

Sustainable and Circular Procurement Practices in Public Sector Procurement

Tracker Intelligence

NOVEMBER 14, 2024

Effective procurement practices allow the establishment of a closed-loop circular supply chain that helps deliver more efficiency, from end-to-end and supports the formalisation of different services, including e-waste management, recycling, resource sharing, and supplier regulatory development.

Sustainability

Sustainability Procurement Supply Chain E-procurement

How Certified Procurement Professionals Drive Efficiency in Supply Chain Management

The Procurement School

FEBRUARY 6, 2024

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.

Supply Chain

Supply Chain Efficiency Procurement Management

Simplifying Public Sector Procurement: Strategies to Increase Sme Participation

The Procurement School

OCTOBER 22, 2024

Seasoned practitioners in public procurement can be jaded from situations that have gone wrong, and it is common for inexperienced public buyers to experience risk aversion and fear of the unknown. Additionally, a simplistic risk transfer strategy may reduce market interest, and the number of bids submitted.

Participation

Participation Procurement Strategies Procurement Buyers

When should procurement be outsourced?

The Procurement School

AUGUST 21, 2024

Factors which influence outsourcing: Smaller public entities, in terms of budgets, typically do not fund staffing resources for procurement. Instead, departmental staff are expected to successfully manage the process, which is unrealistic. Outsourcing the procurement expertise is a growing option for smaller entities to consider.

Procurement

Procurement Competitive Bidding Public Procurement Supplier

Public Procurement Central

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

Digital Technology Assurance Framework – Procurement insights

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

Leveraging Data Analytics in Procurement: Unlocking Efficiency and Strategic Value

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

Navigating the 5 Steps of the Procurement Journey Part 1

How the National Procurement Policy Statement Will Help Transform Public Procurement

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

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

Advancements in Transparency and Integrity through Blockchain in Public Procurements

What’s the Difference Between Direct vs Indirect Procurement?

Sustainable and Circular Procurement Practices in Public Sector Procurement

How Certified Procurement Professionals Drive Efficiency in Supply Chain Management

Simplifying Public Sector Procurement: Strategies to Increase Sme Participation

When should procurement be outsourced?

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